The UK fishing offer raising hopes of a Christmas Brexit deal
Compromise on EU catch reduction may have unlocked last-minute talks
A UK counter-offer on fishing rights has raised hopes that the negotiating deadlock may be broken, paving the way for a possible Brexit deal before Christmas.
The proposal was tabled by UK chief negotiator David Frost following a “difficult period of negotiations” and is understood to have “unlock[ed] the troubled talks” after both sides were “seemingly entrenched”, The Guardian reports.
EU sources told the paper that “the British demand for a 60% reduction in the catch by value in British waters had been reduced to 35%, far closer to the 25% reduction that Frost’s EU counterpart” Michel Barnier.
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Boris Johnson has also given the green light for a “five-year phase-in period for the new arrangements” and “a compromise also likely on the application of tariffs or export bans on goods where fishing access changes after the phase-in period”, the paper adds.
The new proposal is understood to “offer more protection for existing fish quotas and offer a compensation mechanism for reductions after a phased transition”, The Times reports, potentially satisfying both sides of the negotiating table.
The breakthrough follows the publication of a plan set out by Raoul Ruparel, a former special adviser under Theresa May’s premiership, on how future disputes could be settled through arbitration.
Writing on Politico, Ruparel said that “in a scenario where the EU quota share is reduced from the levels agreed at the end of the transition, an independent arbitration panel would determine the economic cost of that loss to the EU and allow the EU to levy tariffs in other areas beyond fishing to compensate”.
“Furthermore, the overall free-trade agreement will include a termination clause,” Ruparel added. “If in future, the UK attempted to cut the EU’s quota share in UK waters too far, the EU would always retain the right to notify termination of the agreement.”
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Joe Evans is the world news editor at TheWeek.co.uk. He joined the team in 2019 and held roles including deputy news editor and acting news editor before moving into his current position in early 2021. He is a regular panellist on The Week Unwrapped podcast, discussing politics and foreign affairs.
Before joining The Week, he worked as a freelance journalist covering the UK and Ireland for German newspapers and magazines. A series of features on Brexit and the Irish border got him nominated for the Hostwriter Prize in 2019. Prior to settling down in London, he lived and worked in Cambodia, where he ran communications for a non-governmental organisation and worked as a journalist covering Southeast Asia. He has a master’s degree in journalism from City, University of London, and before that studied English Literature at the University of Manchester.
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