World News

UK PM Johnson to accept Canada‑style trade deal with EU: The Times

(Reuters) – British Prime Minister Boris Johnson is ready to accept the “off-the-shelf” trade model that was first proposed by Chief European Union negotiator Michel Barnier, the Times newspaper reported, citing content from a speech to be given by Johnson on Monday.

The so-called Canada model, based on the trade deal between the EU and Canada, allows almost tariff-free trade in goods but entails border checks, the report added. The model excludes Britain’s large services sector.

Britain is due to leave EU on Jan. 31.

(Reporting by Kanishka Singh in Bengaluru; Editing by Christian Schmollinger)