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EU access to British waters after the transition period finishes on December 31 is one of a number of outstanding issues for trade negotiators, including dispute settlement and state aid. Trade between the two bodies is estimated to be worth a trillion euros every year.
Despite, the relatively small value of fishing rights, which is worth less than 1.4 billion pounds (€1.6 billion) to the UK economy, according to a House of Commons research, the issue remains a sticking point for both parties.
On Wednesday, with tensions running high, videos emerged online of French fishing vessels attacking British boats by firing flares and throwing oil.
We must stand up for our nation and end this constant bullying. Sufficient naval vessels must defend our interests.
— Nigel Farage (@Nigel_Farage) October 14, 2020
Thursday’s meeting was only the third time that EU leaders have met face-to-face since the coronavirus pandemic began. Johnson has previously said that London would walk away from the negotiating table if an “outline” for a trade deal had not been reached by October 15.
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