AIRLINK 71.69 Decreased By ▼ -2.41 (-3.25%)
BOP 5.00 No Change ▼ 0.00 (0%)
CNERGY 4.39 Increased By ▲ 0.05 (1.15%)
DFML 28.55 Decreased By ▼ -0.99 (-3.35%)
DGKC 82.40 Decreased By ▼ -1.15 (-1.38%)
FCCL 21.95 Decreased By ▼ -0.48 (-2.14%)
FFBL 34.15 Decreased By ▼ -0.75 (-2.15%)
FFL 10.08 Increased By ▲ 0.21 (2.13%)
GGL 10.12 Increased By ▲ 0.12 (1.2%)
HBL 113.00 Increased By ▲ 1.00 (0.89%)
HUBC 140.50 Increased By ▲ 2.81 (2.04%)
HUMNL 8.03 Increased By ▲ 1.05 (15.04%)
KEL 4.38 Decreased By ▼ -0.02 (-0.45%)
KOSM 4.50 Decreased By ▼ -0.09 (-1.96%)
MLCF 38.01 Decreased By ▼ -0.54 (-1.4%)
OGDC 134.69 Decreased By ▼ -1.91 (-1.4%)
PAEL 26.62 Increased By ▲ 1.48 (5.89%)
PIAA 25.40 Decreased By ▼ -1.11 (-4.19%)
PIBTL 6.55 Decreased By ▼ -0.10 (-1.5%)
PPL 121.95 Decreased By ▼ -3.45 (-2.75%)
PRL 27.73 Decreased By ▼ -0.48 (-1.7%)
PTC 13.80 Decreased By ▼ -0.50 (-3.5%)
SEARL 54.89 Increased By ▲ 0.29 (0.53%)
SNGP 69.70 Decreased By ▼ -1.50 (-2.11%)
SSGC 10.40 Decreased By ▼ -0.10 (-0.95%)
TELE 8.50 Decreased By ▼ -0.02 (-0.23%)
TPLP 10.95 Increased By ▲ 0.01 (0.09%)
TRG 60.90 Increased By ▲ 0.20 (0.33%)
UNITY 25.22 Decreased By ▼ -0.11 (-0.43%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
BR100 7,619 Decreased By -45.8 (-0.6%)
BR30 24,969 Decreased By -56.1 (-0.22%)
KSE100 72,761 Decreased By -3 (-0%)
KSE30 23,625 Decreased By -150.3 (-0.63%)

LONDON: The UK and EU will on Friday formally agree a post-Brexit deal to overhaul Northern Irish trade rules after lawmakers from both parties approved it despite a rebellion within Prime Minister Rishi Sunak’s party.

UK foreign minister James Cleverly and EU Commission vice president Maros Sefcovic will sign off the “Windsor Framework” at a joint committee meeting in London.

UK lawmakers overwhelmingly endorsed a crucial part of the deal on Wednesday, in the face of a rebellion by ex-leader Boris Johnson and other hardline Conservative eurosceptics.

The vote on the framework’s so-called “Stormont brake” – which hands Northern Irish lawmakers an effective veto over new European Union rules being implemented in the UK province – won the backing of 515 MPs, with 29 opposed.

“By formally approving the Windsor Framework, we are delivering on our commitment to provide stability and certainty for Northern Ireland,” Cleverly said before Friday’s meeting.

“The Framework is the best deal for Northern Ireland, safeguarding its place in the Union.

“I look forward to further effective cooperation with the EU on key issues, such as security and energy,” he added.

Once formally agreed, the UK government said it will then begin the process of implementing the framework.

‘Not acceptable’

Despite Friday’s show of unity, the new deal has reopened old divisions within Sunak’s party.

Twenty-two Tory MPs – including Johnson and fellow former leader Liz Truss – opposed the brake in Wednesday’s vote, while another 48 declined to vote.

MPs from Northern Ireland’s largest pro-UK party, the Democratic Unionist Party (DUP), also voted against, suggesting that Sunak will struggle to get the party to resume power-sharing in Belfast.

At what cost? UK PM Sunak to win post-Brexit trade vote in parliament

The Stormont brake is a key cog in the new framework, which aims to reset strained ties between Britain and the bloc.

But it is also hoped the pact can pave the way for devolved government to restart in Northern Ireland, after the DUP collapsed the executive last year over its opposition to existing post-Brexit trade rules.

Northern Ireland is still in the European customs union and single market because of the need to keep an open border with EU member Ireland to the south as part of a 1998 peace deal.

With the rest of the UK out of the EU, that has caused headaches on how to protect the single market on goods heading across the Irish Sea and, unionists claim, made a united Ireland more likely.

DUP leader Jeffrey Donaldson said the framework failed to solve its concerns about Northern Ireland’s ability to trade with the rest of the UK.

“That is the bottom line for us,” he told MPs on Wednesday. “Until that is resolved, I can’t commit to the government that we will restore the political institutions.”

Brexit figurehead Johnson called the framework “not acceptable” as he opposed it.

He urged the government to stick with legislation he helped craft that would unilaterally disregard existing EU rules in Northern Ireland until Brussels agreed acceptable alternatives.

But that draft law, introduced last year, prompted the bloc to threaten reprisals and a damaging wider trade war, further souring relations.

Comments

Comments are closed.