BRUSSELS, BELGIUM – FEBRUARY 3: European Union Chief Brexit negotiator Michel Barnier makes a speech during a press conference in Brussels, Belgium on February 3, 2020. Anadolu Agency The EU and the U.K. are starting their first post-Brexit trade talks on Monday, in what European ministers are expecting to be “complicated” negotiations. […] European ministers, who gathered in Brussels on Tuesday, said that they are ready to offer a “substantial, ambitious and wide-ranging partnership” to the U.K. A spokesperson for the British government told CNBC Tuesday that the U.K. will be presenting its own negotiating mandate Thursday. […] However, their level of trade is much smaller than the one between the U.K. and the EU. In 2018, the balance of EU and Canada trade in goods was 10.4 billion euros ($11.27 billion). The balance of trade in services was 8.5 billion euros in 2017, according to the latest data published by the EU. In comparison, the U.K. had an overall trade deficit of £66 billion ($85.6 billion) with the EU in 2018.
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