According to the new EU plan, the UK shall remain part of the single European market during the Brexit period and allow EU citizens free access to the country.
The draft also outlines the way Britain and the European Union are going to work together in agriculture, fisheries, nuclear generation and defense.
The EU estimates Britain’s divorce bill at 60-100 billion euros ($70-120 billion), while Britain is prepared to offer only 20 billion.
Brexit Secretary David Davis is scheduled to return to Brussels later this week to persuade his EU counterpart Michel Barnier that some of the aforementioned issues have already been sufficiently settled for the trade talks to begin next month.
“I hope the member states will recognize the progress we’ve made and take a step forward in the spirit of the PM’s Florence speech. That’s how we move forward towards a deal that works for both the EU and the UK,” Davis said.