Last updated: December 12, 2017

Special EU-UK trade deal may be inevitable even if years in making

By Philip Blenkinsop BRUSSELS (Reuters) – With no suitable ready-made deal, the European Union and Britain could face years of negotiations to find a settlement that balances London’s wish to maximize access to EU markets with its demand to regain sovereignty and limit migration. The EU’s off-the-shelf model, the European Economic Area, extending EU markets to Norway, Iceland and Liechtenstein, ticks the box of securing market access, although excludes agriculture and fisheries. The City of London, the country’s financial hub, is in talks with government officials to secure a trade deal similar to Norway’s that would allow it to sell financial services across the EU single market of 27 countries.
Europe News Headlines – Yahoo! News

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