The UK and the EU failed to agree on the terms of Brexit, and the parties will continue negotiations to overcome differences over future relations and trade. This is stated in a joint statement by British Prime Minister Boris Johnson and European Commission President Ursula von der Leyen following a telephone conversation.
According to the statement, the parties agreed that the conditions for signing the final agreement were not met due to вЂњcontinuing significant differences on three key topics: ensuring a level playing field, fishing rules, and dispute resolution.вЂќ
The document notes that in the near future, negotiators from both sides will prepare proposals to resolve the contradictions. The parties will discuss them in Brussels in the coming days.
In November, negotiations between the European Union and the United Kingdom over a trade agreement were suspended due to a coronavirus infection of a member of the European delegation.
The UK officially left the European Union on February 1. Until the end of 2020, the parties agreed on a transition period during which most EU laws, including trade rules, will continue to apply in the United Kingdom. Before the end of the transition period, Brussels and London had to agree on the format of future relations and conclude a new trade agreement. However, in July 2020, the parties prematurely stopped regular negotiations, as they could not come to an agreement on a number of issues. If they fail to reach an agreement by the end of December, the UK will no longer be part of the common European market, which will lead to the introduction of customs borders between the country and the EU.