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Free AccessSefcovic: EU Won't Renegotiate, Trade Can't Be 'Frictionless & Dynamic'
Cristina Gallardo at Politico reports comments from EU Commission VP Maros Sefcovic addressing the EU-UK Parliamentary Partnership Assembly:
- "Maros Sefcovic laments the EU-UK relationship is not as good as he would like it to be, because of Britain's position on the NI protocol. He reiterates the protocol is the only solution that "squares the circle" between Brexit and the situation of NI and Ireland. "
- "Sefcovic acknowledges that the implementation of the NI protocol hasn’t been without challenges ... he reminds lawmakers that the EU solved the problems with the supply of GB medicines to NI "in a record time" and proposed many other ways to tackle other concerns."
- "Sefcovic stresses the EU will not renegotiate the Northern Ireland protocol. "There has been no engagement at all from the U.K. in the last couple of months," he said. "Honesty about what the U.K. signed up to is needed." Trade between the EU and the UK “cannot be as frictionless and as dynamic” as before Brexit, Sefcovic said, because the TCA “is not and it can never be a replacement for EU membership.”
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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.