InstaForex

October 14, 2021

Pretty Right EU Offer! But PM Johnson Wants To Accept?

 The European Union (EU) has put forward its plan that would cancel 80% of inspections on food entering Northern Ireland from Britain.


European Brexit Commissioner Maros Sefcovic presented the new proposal during a press conference on Wednesday, in a bid to reach an agreement with the UK government on the issue of the Northern Ireland protocol.


Sefcovic also announced customs inspections on manufactured goods would be reduced by 50%as part of major changes to ease post-Brexit border problems.



In the meantime, he also announced that he will meet with UK Brexit Minister David Frost who has demanded changes in the Northern Ireland protocol on Friday.


However, analysts are of the opinion that UK Prime Minister Boris Johnson is likely to reject the plan to get a renegotiation of the Northern Ireland protocol.


Sefcovic gave three weeks to hold discussions on the proposal.


Still, he emphatically said that the EU would not renegotiate the foundations of an agreement that put Northern Ireland in a single market, controlled by the EU Court of Justice (ECJ) and eliminated customs borders in the Irish Sea.