The UK’s Junior Brexit minister says his country is very close to signing an agreement with the European Union (EU) over Brexit’s transition period.
Robin Walker said on Monday that the UK will adhere to EU regulations for a limited period after it leaves the bloc exactly one year from now.
“We recognize how important it is to secure the deal on the implementation period as soon as possible. I want to stress that we are very close to a deal at this time,” Walker said in a speech at the Institute of Directors in London.
He expressed hope that the details of the agreement will be finalized during the EU summit from March 22 to 24.
A government spokesman also said British Prime Minister Theresa May expects the two sides to reach an agreement over the transition period.
May has previously said that any customs union deal with the EU would keep London from striking new trade deals with fast-growing economies like China and…