Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Britain warns of 'cold mistrust' if EU does not move on Northern Ireland trade

Published 09/04/2021, 12:58 PM
Updated 09/04/2021, 01:05 PM
© Reuters. FILE PHOTO: Loyalists protest against the Northern Ireland Brexit protocol at Belfast Harbour Estate, in Belfast, Northern Ireland, July 3, 2021. REUTERS/Jason Cairnduff

LONDON (Reuters) - The stand-off between Britain and the European Union over post-Brexit trading rules for Northern Ireland threatens to create "cold mistrust" in the broader relationship between London and the bloc, Britain's Brexit minister said on Saturday.

David Frost said Prime Minister Boris Johnson's government did not want to sweep away the so-called Northern Ireland Protocol, but did need to see "substantial and significant change".

Those changes covered the movement of goods into Northern Ireland, standards for goods and governance arrangements.

"I want to be clear that any response which avoids serious engagement with those ideas, and aims at just dragging out the process, will in the end not work for us," Frost said in a speech to the British-Irish Association.

The EU began an infringement procedure against Britain in March over changes to the Northern Ireland trade arrangements that, according to Brussels, breached the Brexit divorce deal agreed with London last year.

The bloc's executive said in July it was holding off on the legal action after London asked for a standstill period.

The protocol seeks to protect a 1998 peace accord by keeping an open border between Northern Ireland and EU member Ireland, without opening a back door to the bloc's single market.

Checks on goods between the British mainland and Northern Ireland have disrupted trade flows and angered unionists who resist any moves that they see as endangering the province's role in the United Kingdom.

Latest comments

The current system was in fact proposed by Britain and accepeted by EU.Britain did not really implemented the system and it is now accusing the EU.This is very confusing and seems like Britain does not want to admit that they are much weaker outside the EU
Checks in goods have not disrupted trade flows according to NI busineses. That is a lie being spun by hardline brexiteers.
Businesses in Northern Ireland are against changing the Protocol or removing it. They also voted against Brexit. Sadly extreme voices of disrimination and bigotry shout the loudest.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.