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

USD -
AED 3.673008
AFN 64.503214
ALL 80.819685
AMD 361.405228
ANG 1.789785
AOA 917.000132
ARS 1525.743205
AUD 1.42204
AWG 1.80125
AZN 1.694926
BAM 1.741787
BBD 2.015015
BDT 123.745402
BGN 1.747831
BHD 0.377604
BIF 3000.997453
BMD 1
BND 1.278059
BOB 11.730759
BRL 5.0336
BSD 1.000472
BTN 94.559477
BWP 13.70595
BYN 2.971479
BYR 19600
BZD 2.012094
CAD 1.40468
CDF 2315.999614
CHF 0.823985
CLF 0.02484
CLP 977.639757
CNY 6.67805
CNH 6.673855
COP 3194.48
CRC 455.529135
CUC 1
CUP 24.010794
CVE 98.199695
CZK 21.58565
DJF 177.720049
DKK 6.651515
DOP 61.440772
DZD 134.600855
EGP 54.383604
ERN 15
ETB 163.87083
EUR 0.88984
FJD 2.253797
FKP 0.747587
GBP 0.74635
GEL 2.589651
GGP 0.747587
GHS 11.660299
GIP 0.747587
GMD 73.49688
GNF 8854.987666
GTQ 7.645587
GYD 209.311853
HKD 7.846885
HNL 26.857072
HRK 6.703799
HTG 131.084908
HUF 325.065498
IDR 18027.05
ILS 3.088402
IMP 0.747587
INR 94.43255
IQD 1516.6493
IRR 1832374.999738
ISK 121.269746
JEP 0.747587
JMD 158.780625
JOD 0.709015
JPY 158.134988
KES 129.859579
KGS 87.449845
KHR 4068.146802
KMF 439.503571
KPW 899.999961
KRW 1325.979763
KWD 0.31018
KYD 0.833753
KZT 446.890557
LAK 22518.390538
LBP 89591.044298
LKR 332.14739
LRD 170.580744
LSL 16.412051
LTL 2.95274
LVL 0.60489
LYD 6.419294
MAD 9.819615
MDL 17.998442
MGA 4521.489767
MKD 54.903951
MMK 2099.21541
MNT 3597.533576
MOP 8.085932
MRU 40.128421
MUR 47.319959
MVR 15.459751
MWK 1734.751129
MXN 18.645615
MYR 4.081198
MZN 63.902977
NAD 16.412051
NGN 1331.830194
NIO 36.816372
NOK 9.371645
NPR 151.295341
NZD 1.75332
OMR 0.384501
PAB 1.000481
PEN 3.438421
PGK 4.479652
PHP 63.399499
PKR 276.89823
PLN 3.87625
PYG 5756.677086
QAR 3.647261
RON 4.753003
RSD 104.53802
RUB 82.104013
RWF 1478.615162
SAR 3.748965
SBD 8.07458
SCR 13.97401
SDG 601.492558
SEK 9.878845
SGD 1.27707
SHP 0.7473
SLE 23.919966
SLL 20969.504398
SOS 571.749178
SRD 37.735499
STD 20697.981008
STN 21.819089
SVC 8.754392
SYP 13001.999685
SZL 16.418788
THB 33.570497
TJS 9.214157
TMT 3.51
TND 2.986543
TOP 2.40776
TRY 49.598465
TTD 6.792416
TWD 32.411301
TZS 2644.999678
UAH 45.047334
UGX 4207.076509
UYU 40.164934
UZS 11975.562621
VES 879.788897
VND 25856.5
VUV 119.136032
WST 2.774679
XAF 583.696876
XAG 0.017313
XAU 0.000241628771
XCD 2.70255
XCG 1.803058
XDR 0.707052
XOF 583.696876
XPF 106.20998
YER 236.101147
ZAR 16.360597
ZMK 9001.202969
ZMW 20.069287
ZWL 321.999592
SSP 5787.554334
MXV 2.10465
  • RYCEF

    0.4000

    19.71

    +2.03%

  • CMSC

    0.0000

    20.4

    0%

  • BTI

    0.4200

    56.05

    +0.75%

  • BP

    0.2800

    44.43

    +0.63%

  • RBGPF

    1.6000

    67

    +2.39%

  • RIO

    -0.1500

    94.41

    -0.16%

  • AZN

    -0.4300

    166.15

    -0.26%

  • GSK

    0.4600

    49.7

    +0.93%

  • BCE

    -0.4100

    20.56

    -1.99%

  • NGG

    -0.2500

    75.24

    -0.33%

  • VOD

    -0.0400

    16.58

    -0.24%

  • RELX

    -0.4500

    33.07

    -1.36%

  • BCC

    -0.5500

    76.59

    -0.72%

  • CMSD

    -0.0300

    20.27

    -0.15%

  • JRI

    -0.2500

    10.77

    -2.32%

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.

H.Ng--ThChM