Fri. Jan 22nd, 2021

London (Reuters) – A spokesman for Prime Minister Boris Johnson said on Wednesday that Britain and the European Union had made “some progress” in the Brexit trade talks, but there were still significant gaps and negotiations were likely to end.

“We have made progress in some areas but it still remains that there are significant gaps,” the spokesperson told reporters. “Our position is still that we want to reach an FTA (Free Trade Agreement) but this is still the case … the most likely outcome is still leaving Australia on terms.”

Australia does not have a free trade agreement with the European Union, which means that the bulk of its trade is on the terms of the World Trade Organization.

(Reporting by Elizabeth Piper; Editing by William James)

Copyright 2020 Thomson Reuters.

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