• Brexit talks start in Brussels with 20 months to go

    17 Jul 2017 | Economic News

Brexit Secretary David Davis launches a round of negotiations on Britain's withdrawal from the European Union on Monday when he meets the EU's Michel Barnier for four days of talks between their teams in Brussels.

A month after a first meeting where the two exchanged gifts inspired by a shared passion for hillwalking and spoke of the mountain of complexity they must climb, the Frenchman will press Davis to agree to Britain covering substantial British financial commitments and offer more detail on other British proposals.

With little more than a year to settle divorce terms before Britain leaves, deal or no deal, on March 30, 2019, the 27 other EU national leaders want British Prime Minister Theresa May to rally her divided nation swiftly behind a clear, detailed plan that can minimize economic and social disruption across Europe as its second biggest economy cuts loose from the continent.

Negotiators will break into groups discussing four key areas of priorities before a planned news conference on Thursday.

Working groups will focus on three areas: citizens' rights; the EU demand that Britain pays some 60 billion euros ($70 billion) to cover ongoing EU budget commitments; and other loose ends, such as what happens to British goods in EU shops on Brexit Day.

A fourth set of talks, run by Davis and Barnier's deputies Oliver Robbins and Sabine Weyand, will focus on curbing problems in Northern Ireland once a new EU land border separates the British province from EU member Ireland to the south. Some of that will have to wait for clarity on future trade relations.


Reference: Reuters

Read more: http://www.cnbc.com/2017/07/16/brexit-talks-start-in-brussels-with-20-months-to-go.html

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