Britain will be more affected if trade agreement is not reached: EU

European Commission Chairman Ursula von der Leyen

European Commission Chairman Ursula von der Leyen

Strasbourg… News Time

The European Union has once again warned of a possible denial of the Brexit interim extension. European Commission Chairman Ursula von der Leyen said at a parliament meeting in Strasbourg that if the EU and the UK could not reach a bilateral agreement before 2020, so the parties will face a very dangerous situation and the UK will have to suffer a lot of damage. According to the current agreement, there will be an interim period from December 31, 2020, after the UK withdraws from the EU at the end of January 2020 during which the UK will renegotiate trade relations with the European Union. British Prime Minister Boris Johnson is reportedly working on amending the Brexit agreement so as not to extend the interim, according to information from the British government earlier. The media generally believes the EU and the UK will find it difficult to agree on a trade agreement within 11 months.

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