MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: PBOC Sets Yuan Parity Higher At 7.1310 Tues; -0.50% Y/Y

MNI BOK WATCH: Slowing Inflation Puts Q4 Cut In Sight

CHINA SETS YUAN CENTRAL PARITY AT 7.1310 TUES VS 7.1286

MNI BRIEF: China Must Unblock Domestic Circulation - Wang

Asia Sov Curves Bull-Steepen, Indon To Reduce Bond Issuance

MNI: UK BRC JUN BY VALUE SHOP SALES LFL -0.5% YY, TOTAL -0.2% YY

BRC-KPMG Retail Sales Fell For The First Time (ex Easter Anomaly) Since Jun-22

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

RTE: 'EU-UK Making Progress On Key Aspects Of NI Protocol'

EU-UK

Tony Connelly at RTE tweets a lengthy update on the Northern Ireland protocol (edited for brevity):

  • The EU and UK are making progress on key aspects of the NI Protocol, with signs that an agreement on the medicines issue could be found soon, @rtenews understands.
  • Despite the tensions around the Protocol [...] there is said to be "broad progress" in negotiations between European Commission and UK officials at technical level. However, EU and UK officials are thought to remain far apart on the question of food safety and animal health when it comes to the movement of large, mixed consignments of food from GB depots to supermarkets and retailers in Northern Ireland.
  • On the medicines question, it's understood the European Commission is close to finding a solution to the problem of placing UK medicines [...] on the market in NI, which is de facto in the single market. Last night the DUP leader Edwin Poots accused the Irish government of wanting to "starve" Northern Ireland of medicines, including cancer drugs, as well as food.
  • Under the Protocol, it was envisaged that medicines produced in GB would ultimately have to be licensed to an "authorised holder" that would be located in Northern Ireland or in an EU member state. [...] The EU and UK agreed a grace period in December meaning the new requirements will be on hold until the end of this year
  • However, it's understood the Commission is now looking at the possibility of permanently allowing medicines produced in GB to be licensed via authorised holders there, as opposed to Northern Ireland, so long as the drugs do not leave the North to be sold in the south.
  • There are expectations that a meeting of the EU-UK Joint Committee, which implements the Protocol, will met some point between 10 and 15 June in order to add political momentum to the process.
  • It's understood the UK has requested that the Joint Committee be held on a separate day to the inaugural meeting of the Joint Partnership Council, which will implement and oversee the free trade agreement concluded by both sides in December.
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
Homepagemarkets-real-timePolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.