Brexit’s back in the headlines with challenges to the Northern Ireland (NI) protocol – read key insight from CBI experts to understand how your business should prepare.
The Northern Ireland Protocol – part of the UK-EU Withdrawal Agreement – was set to prevent a hard border on the island of Ireland by aligning Northern Ireland with EU law in some areas to maintain frictionless trade. This means that some goods entering Northern Ireland via Great Britain are also subject to checks to comply with EU law – and both parties disagree on how thorough these checks should be.
What are the current business challenges of the NI Protocol?
The Protocol created unique opportunities to many businesses in Northern Ireland, giving them preferential access to both the GB and EU markets. However, for firms importing goods from GB into NI, it has made this movement more complex and more expensive – introducing more customs complexity, new checks and increases in VAT.
The business challenges have been carried over into the pollical debate in Northern Ireland, with the Democratic Unionist Party (DUP) refusing to enter
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