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

EU, UK face difficulties on N. Ireland despite progress - Sefcovic

Published 06/02/2023, 12:57
Updated 06/02/2023, 14:28
© Reuters. FILE PHOTO: European Commission vice-president Maros Sefcovic speaks during a press conference after a General Affairs Council with the Portuguese European Affairs Secretary, held by video conference at the EU headquarters in Brussels, Belgium February 23

By Philip Blenkinsop

BRUSSELS (Reuters) -The European Union has made progress in its talks with the UK on the trading arrangements of Northern Ireland but difficulties remain, European Commission Vice-President Maros Sefcovic said on Monday.

Sefcovic, who oversees EU relations with Britain, said his team wanted a breakthrough every week, referring to recent reports on advancing talks.

"Progress is being made, but difficulties remain," he told a news conference after a meeting of EU ministers in Brussels.

"What we are focusing on is gradual, incremental work. We are looking for the possible landing zone for the possible joint solution and this work continues."

Sefcovic said it was important for the EU to re-establish trust with London and commented that after recent closer contacts: "We are getting there".

Northern Ireland occupies a unique place after Britain's exit from the European Union, remaining in the EU single market for goods.

The arrangement, to avoid a hard border with EU member Ireland and preserve peace, has meant checks are required on some goods arriving in Northern Ireland from the rest of the United Kingdom, angering pro-British unionists in the province.

Britain has proposed creating green customs lanes for goods bound only for Northern Ireland and red lanes for products heading into Ireland or elsewhere in the EU.

The Commission has said it is open to the idea of "express lanes" so long as safeguards are in place.

"A very important element I'd like to underline is, it's a very clear equation, the more and stronger safeguards we can get, the more flexibility we can explore," he said.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Sefcovic said an agreement on access to British data on goods being shipped to Northern Ireland would "dramatically" improve the flow of information required to protect the single market.

Latest comments

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.