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Business Maverick: UK, EU Seal New Post-Brexit Deal on Northern Ireland Trade

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The UK and European Union reached a new deal on Northern Ireland’s trading arrangements aimed at ending years of often acrimonious wrangling and paving the way for warmer relations more than half a decade after Britons voted for Brexit.

Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen said negotiations had led to a change in the legal text of the Northern Ireland Protocol, a part of the UK’s divorce deal with the EU governing trade with the region. Sunak described the deal — known as the “Windsor Framework” — as a “decisive moment,” while von der Leyen described it as “extraordinary” and said it would ensure a “long-lasting” solution for all parties.

It’s a triumph for the British prime minister, who has sought to dial down tensions with the EU since taking power in October. It could also pave the way for closer collaboration between the two sides on financial services, security, scientific research, and immigration.

 

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Business Maverick: Sunak aims to unveil Northern Ireland Brexit dealRishi Sunak and Ursula von der Leyen will meet in the UK on Monday in the early afternoon for final talks ahead of an expected announcement of a post-Brexit settlement for Northern Ireland.
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