Acceleration of negotiations such as the UK-EU free trade agreement Confirmation without extension of transition period June 16 7:30

A summit meeting between the UK and the EU = European Union was held, and the leaders of both sides confirmed that the transition period to avoid the rapid change accompanying the withdrawal of the UK would end as planned at the end of the year and would not be extended.

After leaving Britain in January of this year, the UK and the EU will set up a transition period to avoid sudden social and economic changes, and aim to conclude agreements on future relations such as free trade agreements during this period.

Regarding this, Prime Minister Johnson of the United Kingdom and EU Chairman Von De Arien will meet on a videophone on the 15th to agree on accelerating negotiations next month, and the transition period will end at the end of the year as planned and will not be extended. I confirmed.

After the meeting, Prime Minister Johnson said, "We cannot continue negotiations until autumn or winter, and the EU side will have the same idea," he said he wanted to conclude negotiations at an early stage.

However, in the negotiations, there is a big difference between the two parties regarding the handling of fishing rights in the British waters, and it is unclear whether progress can be made immediately.

If a free trade agreement cannot be concluded by the end of the transition period, confusion is expected to occur, and future negotiations are likely to affect the future of the European economy.