They're talking again. The European Union and the United Kingdom are set to announce deals to ease trade.

Live from the BBC World Service, this is the Marketplace Morning Report.

I'm Stephen Ryan. It's Mr. Cefonarian in for Leanna Byrne.

Hello there.

Britain's Prime Minister, Kier Starrmer, is set to announce a reset in post-Brexit relations with the EU.

Ursulaen, President of the European Commission, has just arrived at a London summit.

After a breakthrough in talks that have been looking at defence, trade and fishing rights,

the BBC's Henry Zephman has the details.

A new Defence and Security Partnership is expected to be the centrepiece of today's summit.

An effort to reduce checks for

businesses exporting to the continent will mean alignment with some EU rules and a role for the

European Court of Justice. There will be a commitment to pursue a youth mobility scheme,

but it's unclear how detailed that will be at this stage. The EU has also sought to extend

post-Brexit fishing rights for its vessels in UK waters, which was the focus of the final talks.

So what could it mean for small companies?

Simon Spurrell is founder of the Cheshoree Company and director at Harkington Creamery in the north of England.

We had to change the way we exported foods and we had to have health checks, which involved a veterinary

surgeon checking off every consignment. That immediately made us commercially unviable as smaller

businesses because we couldn't bury that cost. We couldn't absolutely absorb that.

Vicki Price is Chief Economic Advisor at the Centre for Economic and Business Research.

Previously, she was the Joint Chief of the UK Government Economic Service.

She told me about the key economic issues behind the talks.

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