British Foreign Secretary Dominic Raab on Sunday said he believes "there's a deal to be done" on trade talks with the European Union.

"On fishing there's a point of principle: as we leave the EU we're going to be an independent coastal state and we've got to be able to control our waters," Raab said.

"I think the answer is can the EU accept that point of principle which comes with us leaving the political club," he added.

A Brexit breakthrough on fishing could be close, with the EU set to formally recognise British sovereignty over UK waters, The Telegraph revealed on Friday. 

Brussels has also accepted a British proposal for a transition period on fishing rights after January 1, but there is no agreement on how long it should last or how it should work. 

A fishing transition period would give Britain time to build up its fleet to catch its increased quota and EU fishermen more time to adapt to a smaller share of the fish in UK waters. 

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