Thursday 19 October 2017

UK minister's trade stance 'madness' for Ireland - Ibec

Director of Corporate, Strategic and International Affairs at IBEC Mary Rose Burke Picture: Tom Burke
Director of Corporate, Strategic and International Affairs at IBEC Mary Rose Burke Picture: Tom Burke
Kevin Doyle

Kevin Doyle

Britain's new Trade Minister is pushing an agenda that could be "detrimental" to Irish trade, business leaders have said.

Liam Fox is pressing his prime minister Theresa May to break free from an agreement which ensures no tariffs on goods moving within the EU.

Despite the Brexit result, it had been believed that the UK would remain within the 'customs union' but Mr Fox wants the freedom to cut all existing ties with the EU.

Business representatives here said such a move would affect Anglo-Irish relations and could add up to 25pc to the cost of business, as well as delays to cross-border trade.

Ibec's Mary Rose Burke said Mr Fox's stance was "madness", adding: "Any additional barriers, even if the tariff is zero, would be a hindrance."

Irish Independent

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