LONDON (AP) — British and European Union negotiators failed to agree on underlying principles in the latest round of talks on post-Brexit trade between the bloc and its one-time member, again raising concerns about far-reaching economic damage if no deal is reached by the end of the year. In comments delivered after the talks ended Thursday, chief U.K. negotiator David Frost said it was clear the two sides wouldn’t meet their goal of reaching an understanding on “the principles underlying any agreement” this month. While progress has been made in the negotiations, Frost said there is still substantial disagreement, particularly on questions of fair and open competition, and fishing. “Considerable gaps remain in the most difficult areas, that is, the so-called level playing field and on fisheries,″ Frost said in a statement. “We have always been clear that our principles in these areas are not simple negotiating positions but expressions of the reality that we will be a fully independent country at the end of the transition period.″ ADVERTISEMENT The U.K. left the EU on Jan. 31, but the free movement of people and goods remains in place as part of a transition period that runs through the end of… Read full this story
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