Trade agreement: comments London, EC

England are ready to trade with the EU according to the rules of the world trade organization (WTO), if Brussels and London do not agree, said the British Prime Minister Boris Johnson to his counterpart from Poland Mateusz Morewelcome.

According to Johnson, the UK is ready to engage in constructive dialogue, but if an agreement is reached will not be ready by the end of the transition period to leave the EU on the conditions in Australia, reported in a press-service of the government.

At the same time, European Commission President Ursula von der Leyen said that the chances of a trade agreement between Britain and the EU exist, though time is short and there are no legal preconditions for extending the negotiations. If the application is not submitted until the end of June, England will leave the domestic market until 31 December, writes the German newspaper “Handelsblatt”.

the UK entered the EU on 1 February 2020. Brussels and London have agreed to a transitional period until the end of 31 December, during this time must be agreed documents on the future relations. While negotiations have stalled.