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Free AccessSefcovic: No Renegotiation of NI Protocol
European Commission VP Maros Sefcovic speaking at the Institute of International and European Affairs in Dublin on the NI protocol and ongoing issues with the EU-UK relationship. In keeping with previous Commission statements, says that there will be no renegotiation of the NI protocol.
- Sefcovic: "Without any shadow of a doubt, reaching consensus on Northern Ireland was the most challenging part of those negotiations...This solution was shaped, agreed by both sides, we therefore share responsibility for making it work on the ground...The protocol is not the problem - on the contrary it is the only solution we have...Simply opposing the protocol without providing real solutions won't make the problems go away either.
- Sefcovic argues that the NI protocol has 'enourmous benefits to offer' as it provides 'unparalleled access' to two huge markets, stating that "You can have jam on both sides of your bread".
- Earlier this week Lord Frost, the UK's point man on EU-UK talks, stated that without a revision to the protocol the UK may be forced to invoke Article 16 of said protocol in order to protect NI-GB trade. Sefcovic says that the UK threat is an 'unhelpful distraction' that 'will not help us find solutions any quicker'.
- Sefcovic states that the EU will not accept options that 'cut Northern Ireland off from the Single Market'.
To read the full story
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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.