Brexit breakthrough? Hopes of UK and EU fishing rights compromise

Brexit breakthrough? The UK and EU ‘are close to a compromise on fishing rights’ that could allow them to seal a trade deal within WEEKS

They are reported to be closing in on a compromise that would allow a deal Bloomberg said it would allow UK boats to catch more fish after December 31But it would also defer decision on EU boat quotas to prevent No Deal departure

European Union and British Brexit negotiators are set to continue talks in Brussels this week. Michel Barnier pictured

Britain and the EU are said to be close to an agreement on post-Brexit fishing rights that would allow a trade deal to be struck at the 11th hour.

The two sides are reported to be closing in on a compromise that would allow the UK to keep its promise to take back control of its territorial waters while allowing EU boats some access.

While fishing forms a small part of the UK economy, its symbolic importance has seen it emerge as one of the key sticking points between the two sides.

Now they are said to be examining a plan using ‘zonal attachment’, where quotas are set based on calculations of the fish stocks in either side’s waters, Bloomberg reported.

This would allow British boats to catch significantly more fish than they currently do, and it would also defer decisions on exact quotas for EU boats – mainly French – until after a deal is done. 

European Union and British Brexit negotiators are set to continue talks in Brussels this week, in a sign both sides are still pushing to avoid a damaging breakdown in trade when a transition period ends on December 31.

While fishing forms a small part of the UK economy, its symbolic importance has seen it emerge as one of the key sticking points between the two sides.

While fishing forms a small part of the UK economy, its symbolic importance has seen it emerge as one of the key sticking points between the two sides.

France's Europe minister yesterday warned the UK to look at the 'big picture' yesterday over the chances of a deal on fish. Paris has been the key driving force behind attempts to allow EU boats to continue fishing in British waters after December

France’s Europe minister yesterday warned the UK to look at the ‘big picture’ yesterday over the chances of a deal on fish. Paris has been the key driving force behind attempts to allow EU boats to continue fishing in British waters after December

Next Page