The race is on for EU-U.K. trade negotiators to resolve their outlying disputes on fishing rights and “level playing field” issues in order to avoid a disruptive no-deal British exit from the EU single market on Jan. 1. A limited trade agreement is probable, but London and Brussels must reach it by early December to ensure British and EU lawmakers can approve it in time. Negotiations resumed in Brussels on Nov. 16, with the goal of reaching a deal by the end of the month. While the European Union and the United Kingdom theoretically have until late December to reach a deal, the negotiators need to make time for the European Union and U.K. parliaments to debate and vote on a potential deal. London and Brussels had previously identified a summit of EU leaders on Nov. 19 as a desirable date to reach a political agreement, but this soft deadline...
