The prime minister has said that if a free trade deal with the EU is not reached by 15 October both sides should 'move on'.
The prime minister said if a deal cannot be struck they would trade in a similar way to that of Australia, which does not have a comprehensive trade agreement with the EU.
Much of EU-Australia trade follows default World Trade Organisation rules, though specific agreements are in place for certain goods. If a deal can be struck, it would be based on a standard free trade agreement like the one the EU has agreed with Canada, Mr Johnson said. "Even at this late stage, if the EU are ready to rethink their current positions and agree this I will be delighted. But we cannot and will not compromise on the fundamentals of what it means to be an independent country to get it."Analysis: History tells us that Brexit deadlines can often backfireRather than see this as a pressure tactic, it's likely the EU will welcome the deadline set by the prime minister.
Since the coronavirus pandemic, negotiations have been slower than expected and a short deadline could help to focus the minds of all those involved.If the two big issues remaining on the table could be trashed out by mid-October, it would give the remaining EU member states time to give a free-trade agreement the seal of approval by the end of the year.But a word of warning: history tells us that Brexit deadlines can often backfire; many have come and gone.
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