Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

EU not interested in protecting Belfast peace agreement - Northern Ireland first minister

Published 05/03/2021, 08:59
Updated 05/03/2021, 09:50
© Reuters. FILE PHOTO: Boris Johnson visits Stormont

LONDON (Reuters) - Northern Ireland's first minister said the European Union's promise of legal action over the UK extending grace periods for trade showed its priority was protecting the trading bloc, not the Belfast peace agreement.

"What they're only interested in is protecting their bloc, they're not interested, as they claim to be, in protecting the Belfast agreement," Arlene Foster told BBC radio on Friday.

"If they were, they would not be taking the action that they're taking a present."

The European Union said on Wednesday it would take legal action after the British government unilaterally extended a grace period for checks on food imports to Northern Ireland, a move Brussels said violated the terms of Britain's divorce deal.

Foster said the purpose of the protocol was to stop goods from the UK entering the EU single market, but its effects, and the action taken in both London and Brussels, were "totally disproportionate" to the risks.

"We need (the protocol) to be replaced because certainly extending grace periods are only sticking plasters to what are really fundamental problems in terms of trade," she said.

"There is a fundamental misunderstanding with the European Union as to the damage that they are doing."

© Reuters. FILE PHOTO: Boris Johnson visits Stormont

Since the EU's promise of legal action, Northern Irish loyalist paramilitary groups have said they are temporarily withdrawing support for the 1998 peace agreement, known as the Belfast peace agreement or the Good Friday agreement, due to concerns over the Brexit deal.

Latest comments

Nonsense, she's despised by 65% of the North's electoral and 98% of the Republics population.
Totally agree.
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.