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Free AccessFrost-Sefcovic Meeting Later Today As Art.16 Triggering Looms
UK Cabinet Office minister Lord Frost will meet with European Commission VP Maros Sefcovic later today in London to discuss ongoing issues with the Northern Ireland protocol. Expectations for the meeting are low, with the UK and EU positions seemingly irreconcilable.
- The triggering of Article 16 of the NI protocol by the UK is now becoming priced in. This would see the UK end any customs checks on goods being exported from Great Britain to Northern Ireland. For the EU it risks the integrity of the Single Market given that there are no customs checks on goods exported from Northern Ireland to the Republic of Ireland.
- On 11 November, ING published a useful infographic of potential EU responses to the UK's potential triggering of Art. 16:
Source: ING
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.