The EU and U.K. have agreed the need for a “new momentum” in trade talks to solve long-term trade and customs relations after the British government confirmed it will not request an extension for talks beyond the end of 2020. Both sides want to ratify a deal “before the end of 2020” which sets a practical deadline of mid-October to complete talks, around 18 weeks from now. That looks ambitious given disagreements remain on matters as basic as the style of regulatory standard setting, aka the level playing field. While the U.K. will apply light touch regulations for imports, exports face ...