The Fort Worth Press - UK and EU eye deal over post-Brexit trade in N.Ireland

USD -
AED 3.673042
AFN 65.000368
ALL 81.503989
AMD 360.340403
ANG 1.789785
AOA 918.000367
ARS 1544.046724
AUD 1.454757
AWG 1.8
AZN 1.70397
BAM 1.75029
BBD 2.013844
BDT 124.537437
BGN 1.747831
BHD 0.37735
BIF 3010
BMD 1
BND 1.281347
BOB 11.99429
BRL 5.504904
BSD 0.999897
BTN 93.858629
BWP 13.774679
BYN 2.994523
BYR 19600
BZD 2.011053
CAD 1.41135
CDF 2320.000362
CHF 0.820469
CLF 0.02484
CLP 977.630396
CNY 6.676504
CNH 6.67282
COP 3251.53
CRC 453.465426
CUC 1
CUP 23.998962
CVE 99.403894
CZK 21.83445
DJF 177.720393
DKK 6.708504
DOP 60.750393
DZD 136.38704
EGP 53.769786
ERN 15
ETB 161.203874
EUR 0.896804
FJD 2.25525
FKP 0.7479
GBP 0.748671
GEL 2.59504
GGP 0.7479
GHS 11.68504
GIP 0.7479
GMD 74.503851
GNF 8857.503848
GTQ 7.64085
GYD 209.627114
HKD 7.84215
HNL 27.07504
HRK 6.76901
HTG 131.052321
HUF 326.000354
IDR 18108.5
ILS 3.18593
IMP 0.7479
INR 94.04725
IQD 1514
IRR 1891353.000352
ISK 122.790386
JEP 0.7479
JMD 158.687685
JOD 0.70904
JPY 158.50504
KES 129.950385
KGS 87.447804
KHR 4080.00035
KMF 442.00035
KPW 899.999961
KRW 1363.803789
KWD 0.31098
KYD 0.833408
KZT 448.201333
LAK 22505.000349
LBP 89550.000349
LKR 332.502562
LRD 170.303772
LSL 16.560381
LTL 2.95274
LVL 0.60489
LYD 6.430381
MAD 9.757504
MDL 17.8737
MGA 4595.000347
MKD 55.203803
MMK 2099.697346
MNT 3600.739032
MOP 8.072028
MRU 40.250379
MUR 47.030378
MVR 15.403739
MWK 1737.000345
MXN 18.62534
MYR 4.061504
MZN 63.903729
NAD 16.560377
NGN 1347.210377
NIO 36.610377
NOK 9.459904
NPR 150.173627
NZD 1.803102
OMR 0.384144
PAB 0.999964
PEN 3.442504
PGK 4.492039
PHP 63.108038
PKR 276.625038
PLN 3.94555
PYG 6249.384815
QAR 3.643038
RON 4.792204
RSD 105.586038
RUB 81.925564
RWF 1475
SAR 3.754695
SBD 8.048583
SCR 14.018084
SDG 601.503676
SEK 9.894504
SGD 1.282604
SHP 0.748923
SLE 22.950371
SLL 20969.504398
SOS 571.503662
SRD 37.583504
STD 20697.981008
STN 22.275
SVC 8.748764
SYP 13001.999685
SZL 16.560369
THB 33.550369
TJS 9.224126
TMT 3.5
TND 2.985504
TOP 2.40776
TRY 50.141304
TTD 6.780829
TWD 32.775304
TZS 2642.503628
UAH 45.297
UGX 4089.81484
UYU 40.226773
UZS 12000.000334
VES 896.316404
VND 25582.5
VUV 119.504303
WST 2.787821
XAF 588.264929
XAG 0.019249
XAU 0.00024594347
XCD 2.70255
XCG 1.801976
XDR 0.707052
XOF 588.264929
XPF 107.450363
YER 236.625037
ZAR 16.51847
ZMK 9001.203584
ZMW 20.318702
ZWL 321.999592
SSP 5745.505339
MXV 2.095424
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

UK and EU eye deal over post-Brexit trade in N.Ireland
UK and EU eye deal over post-Brexit trade in N.Ireland / Photo: © AFP/File

UK and EU eye deal over post-Brexit trade in N.Ireland

Britain and the European Union were on Monday poised to agree a crucial overhaul of trade rules in Northern Ireland, in a breakthrough aimed at resetting strained relations since Brexit.

Text size:

Prime Minister Rishi Sunak and European Commission chief Ursula von der Leyen were set to hold "final talks" at lunchtime in the UK, in a bid to end more than a year of negotiations over the so-called Northern Ireland protocol.

Agreed in 2020 as part of Britain's divorce from the EU, the contentious pact kept the province in the European single market and subject to different trade rules than the rest of the UK.

However, staunch opposition to the protocol from the pro-British unionist community in Northern Ireland, who argue it threatens the province's place within the UK, has led to the collapse of devolved power-sharing there.

That prompted the UK government to threaten a unilateral overhaul of the protocol unless the EU agreed to wholesale changes, souring diplomatic relations and risking a wider trade war.

Talks between London and Brussels aimed at resolving the problems with the protocol dragged on through last year -- and two changes of prime minister in the UK.

Now, after months of what Downing Street called "intensive negotiations" since Sunak took power in October, a deal appears within sight.

"Positive, constructive progress has been made," his office said in a statement late Sunday.

"The prime minister wants to ensure that any deal fixes the practical problems on the ground, ensures trade flows freely within the whole of the UK, safeguards Northern Ireland's place in our Union and returns sovereignty to the people of Northern Ireland."

- DUP 'influential' -

After Monday's talks, a British cabinet meeting will take place in the afternoon, when ministers will get an update.

If a final deal is agreed as expected, Sunak and von der Leyen will hold a short joint press conference in Windsor, west of London, famous for its royal palace.

Sunak is then due to deliver a statement to parliament on the agreement.

The UK leader must convince eurosceptic Conservatives, including his potentially rebellious predecessor Boris Johnson, that the deal secures enough concessions from Brussels.

He will also hope to win the backing of Northern Ireland's Democratic Unionist Party (DUP), the largest pro-UK unionist party, which has said it will keep blocking the functioning of the assembly there until the protocol is scrapped.

Former cabinet minister and Johnson loyalist Jacob Rees-Mogg hinted at the peril Sunak faces over the deal when asked about it Monday, noting the DUP's verdict would be "very influential" among Tory lawmakers.

"I'm not sure he has achieved the objective of getting the DUP back into power-sharing, which is the fundamental point of it," he told broadcaster ITV.

- Restore power-sharing -

Disagreements about the protocol have dogged relations between Britain and the EU since Brexit rules came into effect in 2021 and are seen as hindering broader post-Brexit cooperation.

The UK, which is grappling with the worst cost-of-living crisis in a generation and predicted to be the only G7 country to enter recession this year, is seen as eager to reset relations to boost trade.

The government in London is also under pressure to restore power-sharing in Belfast, particularly with the 25th anniversary of the 1998 Good Friday Agreement -- which ended three decades of conflict -- looming large.

Northern Ireland has been without a devolved government since February last year due to the DUP's walk-out.

The party had been due to share power with pro-Ireland Sinn Fein, which became the biggest party in the assembly after elections last May.

L.Coleman--TFWP