Sweden has made a post-Brexit peace offering to the U.K. by proposing an extensive free-trade agreement between the European Union and Britain that also covers financial services.

The overture by Ann Linde, Sweden’s EU and trade minister, comes amid concerns that the issue of the Irish border may scupper British hopes of making a breakthrough in negotiations over the U.K.’s departure from the bloc at this month’s summit in Brussels. Sufficient progress in separation talks, including a solution to avert a reinstatement of a hard border in Ireland, is a condition for negotiations on the future relationship to begin.

Since the U.K. doesn’t seem to be interested in Sweden’s preferred option, a Norwegian-style arrangement, “then I think we are looking at something like ‘Canada plus plus plus’,” Linde said in an interview on Friday with Bloomberg Radio Daybreak Europe’s Caroline Hepker and Manus Cranny. Such an arrangement would be “far more reaching than the Canadian trade agreement” with the EU, since it would extend to financial services, Linde said.

The EU is considering offering the U.K. an arrangement modeled on Canada’s. That’s the most extensive trade deal Brussels has ever reached with a third country, but it crucially does not cover the financial sector, which is critically important to the City of London.

Sweden, which is a like-minded free-trade advocate, wants the EU to be more ambitious in its offering to the U.K. Its preferred option would see Britain join the European Economic Area, which provides non-EU countries like Norway and Iceland with access to the bloc’s single market and customs union. EEA membership also requires granting the free movement of workers.

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