• About Us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI English
TFI हिन्दी
Sunday, January 29, 2023
TFIGlobal
TFIGlobal
Right Arm. Round the World. FAST.
No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
TFIGlobal
No Result
View All Result

EU’s new trade sanctions are really powerful! But these will be imposed on UK and not Russia

Vikrant Thardak by Vikrant Thardak
May 12, 2022
in Geopolitics
Reading Time: 3 mins read
0
EU’s new trade sanctions are really powerful! But these will be imposed on UK and not Russia

Source - Gulf News

1.3k
VIEWS
Share on FacebookShare on Twitter

Forget Russia and Ukraine, it’s time for the world to see the UK and the EU go to a head-on clash, yet again. Bottlenecks in the Brexit trade treaty are believed to have ignited this fresh clash between the two parties.

EU and UK go into a trade war

The UK wants to rewrite some trade treaties of Brexit, related to the Northern Ireland region. However, the European Union says that Brexit trade treaties have become a part of international law, and they can’t be renegotiated.

Also Read

European cuisine set to get crunchier with crickets

The Sweden-Finland episode is just another reminder of how adulterous EU nations are!

UK, on the other hand, is threatening to scrap the treaties altogether if its concerns are not addressed. So, European Union is now saying that the tensions could very well escalate into a trade war between the two powers.

And given the EU’s resolve to punish the UK, it can be expected that the EU’s trade sanctions on the UK will be powerful enough to scuttle the British economy

Source – The Week UK

Why are the two powers engaging in a tussle?

For the unawares, the Northern Ireland Protocol of Brexit allows free trade movement across the EU and Northern Ireland; however, the free flow of goods from the UK into Northern Ireland is discouraged under the treaty.

Before Brexit, such problems never existed since the UK itself was a part of the European Union. However, after Brexit, the EU required the incoming goods from the UK to go through standard and quality checks at the borders.

Now, under the Brexit trade treaty, to which the Boris Johnson government had previously agreed to, it was agreed that this quality check and paperwork would not take place at the Ireland-Northern Ireland border but at Irish ports in the Irish Sea instead.

To put things simply, Northern Ireland could now trade freely with the EU but not with the UK. Now, pro-UK unionist elements in Northern Ireland are opposing this treaty quite vigorously. They say the treaty undermines Northern Ireland’s relations with Great Britain.

This opposition by the unionists can also toss the region into the political abyss. Under Northern Ireland’s power-sharing government, the support of the pro-UK ‘The Democratic Unionists’ Party (DUP) is required to form a government in the UK-controlled territory.

Read More: Boris Johnson: The Untoriest Tory in the History of Tories

Truss minces no words

So, London is under pressure from the DUP and other unionist elements in Northern Ireland. UK’s foreign secretary Liz Truss recently said the government would ‘not shy away from taking action’ if it can’t reach an agreement with the bloc. The EU warns that trade restrictions on the UK could be imposed in retaliation if the protocol is scrapped unilaterally.

Source – Deccan Herald

EU chief Brexit official Maros Sefcovic said Tuesday that the bloc had ‘worked tirelessly to propose creative and durable solutions, showing flexibility on how the Protocol should be implemented.’ He warned that ‘the Protocol, as a cornerstone of the Withdrawal Agreement, is an international agreement. Its renegotiation is not an option. The European Union is united in this position.’

Read More: In your face European Union! The UK signs a bigger and better post-Brexit trade deal with Japan

Now, things become scary if we look at this from the prism of the ongoing Russia-Ukraine crisis. This trade dispute reflects the sorry state of Western unity and could provide Russia with a window of opportunity to bank upon these differences. Speaking of the European people, the cost of living could drastically go northwards.

A trade war between the EU and UK, at a time when the region is already faced with energy and food shortages, is the last thing Europeans would ever wish to take place. But since no one seems to budge in this ongoing showdown, escalation seems inevitable. And that’s really terrible for Europe.

Watch –

Tags: Boris JohnsonBrexitEUEuropeUK
ShareTweetSend
Previous Post

A major cover up underway in Palestine after Aljazeera’s journalist gets killed in West Bank

Next Post

Author Yashi Brown Biography, Career and Life Story

Also Read

Canada and Denmark threatened by Russia’s new move

Canada and Denmark threatened by Russia’s new move

January 29, 2023
Lavrov’s presence in Eritrea is very unsettling for…..

Lavrov’s presence in Eritrea is very unsettling for…..

January 29, 2023
EU pins its hopes on South Africa to rescue it from the Ukraine crisis

EU pins its hopes on South Africa to rescue it from the Ukraine crisis

January 29, 2023
Nigeria’s killer move spells doom for Visa and Mastercard

Nigeria’s killer move spells doom for Visa and Mastercard

January 29, 2023
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Trending
  • Comments
  • Latest
Saudi Arabia Caribbean

Saudi Arabia expands its Caribbean foothold with an $80m gift

January 22, 2023
Did Ukraine use innocent civilians as human shield against Russia in the name of evacuation?

Did Ukraine use innocent civilians as human shield against Russia in the name of evacuation?

May 9, 2022
World Economic Forum

“Sex, sleaze, and drugs” is what WEF is all about

January 18, 2023
Cuba Ally

Cuba in Ukraine war is impossible! USA has gone bonkers in its desperation

January 24, 2023
Orwellian “Ministry of Truth” becomes a reality in Biden’s America

Orwellian “Ministry of Truth” becomes a reality in Biden’s America

April 28, 2022
Jamaica: The Best Hotspot for Pure Tropical Fun

Jamaica: The Best Hotspot for Pure Tropical Fun

January 29, 2023
All 13 Premiers of Canada give Trudeau a wakeup call

All 13 Premiers of Canada give Trudeau a wakeup call

January 29, 2023
Canada and Denmark threatened by Russia’s new move

Canada and Denmark threatened by Russia’s new move

January 29, 2023
Finland could now throw out Western Companies, so it decides to tax them instead

Finland could now throw out Western Companies, so it decides to tax them instead

January 29, 2023
Trudeau’s data manipulation skills leave Cuomo in the dust

Trudeau’s data manipulation skills leave Cuomo in the dust

January 29, 2023
Youtube Twitter Facebook
TFIGlobal
  • About us
  • Contact Us
  • Terms of use
  • Privacy Policy

©2023 - TFI MEDIA PRIVATE LIMITED

No Result
View All Result
  • Premium
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

©2023 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Follow us on Twitter

and never miss an insightful take by the TFIGlobal team

Follow @tfiglobal
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.