After months of negotiations, the United Kingdom and the European Union (EU) announced a new post-Brexit trade deal on Monday. The agreement, known as the Windsor Framework for Northern Ireland, aims to reduce trade problems arising from the Northern Ireland Protocol.
The agreement was announced by the British Prime Minister and European Commission (EC) president following a meeting in Windsor, near London. The deal replaces the Northern Ireland Protocol, which has caused significant trade disruptions since Brexit came into effect.
In a social media post, the British Prime Minister said, “The agreement allows for smooth trade across the UK, defends Ireland’s position in our union, and protects the sovereignty of the people of Northern Ireland. This agreement eliminates anything bordering on the Irish Sea, and goods traded within the UK will be delivered through a new channel called The Green Lane, while goods to the EU will be sent via the Red Lane.”
The agreement also includes the Stormont Brake, which allows the Northern Irish government to halt EU commodity trading regulations that would have a serious and lasting impact on everyday life. The British government would be able to veto or veto such laws, providing Northern Ireland with a powerful shield.
The Windsor Framework for Northern Ireland aims to restore trust between the UK and the EU after a tumultuous period of Brexit negotiations.