The EU’s chief Brexit negotiator Michel Barnier has said that securing Ireland’s interests and avoiding a hard border between with the U.K. will be at the forefront of upcoming talks.
In an address to the Irish houses of parliament Thursday, Barnier said that the Republic of Ireland, an EU-member state which shares a land border with the U.K., was in a “unique position” but pledged that it would receive additional attention in negotiations.
“I want to reassure Irish people that Ireland’s interests will be the union’s interests,” said Barnier.
Ireland has voiced concerns that it will be most impacted by Brexit given the significant geographical, cultural and economic ties it shares with the EU.
“Brexit will come at a cost,” Barnier said. “Also to us, the remaining 27 – and some more than others.”
Currently, Ireland exports 40 percent of its goods and 20 percent of its services to the U.K. – twice the EU’s average.
Barnier said that avoiding a hard border would be one of three priorities for the first stage of negotiations, reiterating guidelines set out by the EU late last month.
Barnier’s address to members of the Oireachtas, which combines both Ireland’s House of Representatives and the Senate, was the first of its kind and is considered something of an honor.
The opportunity is typically reserved for heads of state and prime ministers. The invitation to speak underlines the country’s on-going diplomatic charm offensive to secure a good deal for Ireland
“It’s a reflection of the importance of the role he has,” Neale Richmond, the government spokesman of EU affairs in the Irish Senate said, according to the Financial Times. “That’s why we are putting him on the same pedestal as John F Kennedy, Nelson Mandela, and Francois Mitterrand.”
via CNBC
Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.