Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Brexit trade talks have window before contentious UK law can take effect - Ireland

Published 13/09/2020, 15:02
Updated 13/09/2020, 15:05
© Reuters. Irish Minister for Foreign Affairs Coveney speaks at the launch of his party's manifesto for the Irish General Election in Dublin

DUBLIN (Reuters) - British and European Union negotiators are likely to have a few weeks to avoid a breakdown of trade talks, but that window will close if a contentious British bill becomes law, Irish Foreign Minister Simon Coveney said on Sunday.

British lawmakers will on Monday begin debating the Internal Markets Bill, which the EU has said is unacceptable and would breach a divorce treaty agreed with the bloc.

"I think there is an important window here before this legislation becomes law to try to make progress on some of the issues that the UK seems to have a problem with. The way to do that is through negotiation," Coveney told RTE radio in an interview.

The British government has accused EU negotiators of threatening to impose a food blockade between mainland Britain and Northern Ireland and says the proposed legislation would prevent that.

But Irish officials have suggested that progress on a zero-tariff free-trade deal between Britain and the European Union might supersede those British concerns.

Coveney said the EU would not negotiate further should the British bill become law. But he said the delay between the bill being proposed and entering law created a window of opportunity.

"This legislation I believe will probably get delayed somewhat coming through the Houses of Parliament in the UK, particularly in the House of Lords," he said.

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.