With the deadline of the end of the transition period approaching, this seems to be the last chapter to be added to this unique Brexit book. Nevertheless, an agreement between the European Union and the United Kingdom is not at all certain. What is at stake?
By the 31st of October, there should be a Brexit deal, after which the European Parliament will have time to approve the agreement. The United Kingdom will then definitively have left the EU on 31 December. According to Leon Kanters, Brexit specialist at KPMG, there are two main files on the table in Brussels causing a major headache to the negotiating teams. The first issue is creating a level playing field; rules for companies in the UK must be the same as for companies from the EU and vice versa.
The second issue is fisheries. As it is, European fishermen have access to British fishing grounds, and vice versa. But now that the British have left the EU, the discussions on the access areas and fish quota still has to be resolved. According to Kanters in KPMG's second Brexit Update Call, these are currently based on the situation before 1973, when the UK was not a member of the EU – a situation the UK wants to change.