1/28/2020, 1:58 PM (Source: TeleTrader)
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EU, UK to start post-Brexit negotiations on March 3

The European Union and the United Kingdom will begin their talks on their relationship following London's departure from the bloc on March 3, the Guardian reported on Tuesday. They will then have 10-months to come up with a deal as the Brexit transition period ends on December 31.

The UK will leave the EU formally this week, but it will still be a part of the customs union and single market until the end of the year.

Earlier, European Union's chief Brexit negotiator Michel Barnier warned that there will be no return to the status quo if no agreement is reached while Irish Taoiseach Leo Varadkar stressed that it will be hard to reach a trade deal by the end of the year.

Baha Breaking News (BBN) / VP