As the European Union's top negotiator began another round of talks in London on Monday, Britain said that it was open to a sensible compromise on fishing and that there was goodwill on both sides to progress towards a Brexit trade deal.

The United Kingdom left the EU in January but the two sides are trying to secure a deal that would govern nearly 1 trillion dollars in annual trade before the transition period ends on Dec. 31.

Prime Minister Boris Johnson, after congratulating Joe Biden on his U.S. election win, said on Sunday that an EU trade deal was "there to be done" and that the broad outlines were clear.

EU chief Brexit negotiator Michel Barnier expressed his happiness to be back in London on Sunday and work would continue on securing a trade deal with Britain.