Menu

Now Reading
Irish foreign minister to discuss post-Brexit trade negotiations

Menu

Irish foreign minister to discuss post-Brexit trade negotiations

Irish Foreign Minister Simon Coveney
Photo: Reuters

Irish Foreign Minister Simon Coveney will today discuss the evolving challenges presented to the EU by post-Brexit trade negotiations with the UK.

The transition period that was intended to provide room for a deal has evaporated; divisions over competition and maritime issues have stalled any momentum gained prior to the COVID-19 pandemic. With Europe on the brink of an unprecedented recession, the stakes surrounding a comprehensive deal are higher than ever. Brussels has accused London of selective negotiation to avoid concessions on key issues, such as fishing quotas, governance, Northern Ireland (NI) protocol and a level playing field (LPF) for corporates.

While EU negotiators are expected to demand parallel progress on all fronts, the LPF issue and NI protocol—which could see a border drawn through the Irish Sea—will have dramatic ramifications for the battered Irish economy and its current status as a corporate tax haven. Expect London to refuse an extension of the transition period, even in the event of an EU request. The added economic strain of COVID-19 mitigation will complicate any compromise achieved in the next two rounds of negotiations.

See Also
EU-Central Asia transportation forum to conclude

Wake up smarter with an assessment of the stories that will make headlines in the next 24 hours. Download The Daily Brief.

View Comments (0)

Leave a Reply

Your email address will not be published.

Scroll To Top