NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

Britain and Ireland talk up improved mood in N.Ireland negotiations

Published 07/10/2022, 14:21
Updated 07/10/2022, 15:52
© Reuters. FILE PHOTO: Irish Foreign Minister Simon Coveney speaks during a news conference ahead of a meeting of the United Nations Security Council on Russia's invasion of Ukraine, at the United Nations headquarters in New York City, New York, U.S., April 19, 2022
LHX
-

By William James and Alistair Smout

LONDON (Reuters) -Britain and Ireland on Friday said that the mood had improved around talks to resolve a post-Brexit row over trade involving the British province of Northern Ireland.

Following a lengthy stalemate, Britain and the European Union resumed talks this week on how to fix problems with the Brexit divorce deal relating to the flow of goods between Britain, Northern Ireland and European Union member Ireland.

Talks have been given new impetus by the election of Liz Truss as British leader and a looming deadline in Northern Ireland, where the row has stopped a devolved administration from being formed and which may trigger fresh elections.

Rifts between Britain and the EU increased when Britain proposed to effectively tear up parts of the Brexit divorce deal with a bill that is currently moving through parliament.

Speaking after an Anglo-Irish conference in London, Ireland's foreign minister Simon Coveney said that conversations with Britain had improved recently and there was a genuine effort to solve the problems which had emerged after Brexit.

"I think the conversations we're having now with the British government certainly suggest to me that we are in a different space now, one we haven't been in for quite some time, where there is a genuine effort ... on actually how we can solve these problems together," Coveney told reporters.

The conference between senior British and Irish ministers was not directly linked to the Brexit trade negotiations.

Britain's Northern Ireland minister Chris Heaton-Harris said Britain was entering into the technical talks with the EU in "good faith and good humour", while Coveney said those discussions had gone "reasonably well" after restarting this week, though neither went into detail.

Heaton-Harris said he hoped a deal could be reached which meant he did not have to execute Britain's back-up plan to take unilateral action and override the Brexit deal.

He reiterated that he was required in law to call fresh elections in Northern Ireland unless rival parties there agreed to form a power-sharing executive by Oct. 28.

© Reuters. Ireland's Foreign Minister Simon Coveney, Ireland's Minister for Justice Helen McEntee, Minister of State for Northern Ireland Steve Baker and Secretary of State for Northern Ireland Chris Heaton-Harris hold a news conference, during the British-Irish Intergovernmental Conference in London, Britain, October 7, 2022. REUTERS/Peter Nicholls

While both said progress on the protocol could help re-establish the executive, Heaton-Harris said it was "fool's gold" to talk about timelines, and Coveney said it was "completely unrealistic" for everything to be agreed in three weeks.

"The starting point here is to build a bit of trust," Coveney said. "Now we need to move to the next step, which is the difficult stuff."

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.