Market news
07.04.2020, 09:58

Brexit trade deal gets tougher as coronavirus strikes officials on both sides

CNBC reports that the Brexit trade deal will face greater challenges ahead as British Prime Minister Boris Johnson is now in intensive care because of the coronavirus, while other key negotiators have either been infected or are in self-isolation.

The U.K. finally left the European Union on Jan. 31, but it remains in a transition period and has a deadline of end 2020 to set a free-trade deal with the EU. Now, whether Britain would be able to meet that deadline is in question.

"In all circumstances it's very difficult to imagine how some sort of large scale trade deal between the U.K. and the EU gets done by the end of the year," Amanda Sloat, a senior fellow at Brookings Institution, told CNBC.

"In the last couple weeks, we've seen EU's Brexit negotiator get coronavirus, the British negotiator has also been showing symptoms and now of course this very sad situation with the prime minister," she added. On March 19, Europe's chief Brexit negotiator Michel Barnier also announced he had been infected, while U.K. negotiator David Frost went into self-isolation around the same time after showing symptoms.

Foreign Secretary Dominic Raab will temporarily take over the prime minister's duties while Johnson is hospitalized, the government said.

"Clearly with this move into intensive care, there is a desire to put extra precautions into place, (Johnson) clearly is not in a position to govern at the moment," Sloat said.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location