The European Parliament has demanded that it see the text of any accord by Sunday at the latest, and the UK government says it will not allow talks to go beyond December 31.
Britain and the European Union moved closer to sealing a new trade deal but it was still not clear if they would succeed, the bloc’s chief executive said on Wednesday.
Britain and the EU are in the final stretch of talks to keep an estimated one trillion dollars of annual trade free of tariffs and quotas beyond Dec. 31, when the United Kingdom finally transitions out of the world’s largest trading bloc.
India and Britain will push negotiations on trade ties, their foreign ministers said after talks in New Delhi on Tuesday, as both countries seek to restart economies battered by the coronavirus pandemic.
Trade and investment will be high on the agenda of Prime Minister Boris Johnson, who will travel to New Delhi in January, his first bilateral visit since taking office.
“The best thing to do now, for everybody, is to follow up all the work that has been done over the last four and half years, colossal amount of preparation at our ports, everywhere across the UK, get ready to trade on WTO terms, Boris said.
It was learned that the latest data shows Pakistan’s exports to the United States hit record levels in October ($430 million) and November ($437 million).
The President said despite the challenge of the Coronavirus pandemic, Pakistan's economy strengthened and its online businesses grew due to the implementation of far-reaching economic reforms.
“I request all exporters to send their proposals to MOC at the earliest. Bilateral trade with Afghanistan has to be placed on a sustainable growth path,” he added.
The business leaders said that the country's economy, especially the small business sector, could not afford such measures, adding that in the reduced timing, the market would be in a rush, which would increase Coronavirus.