Home > World > US House Speaker warns Britain that breaking Brexit treaty could imperil trade pact

US House Speaker warns Britain that breaking Brexit treaty could imperil trade pact

Written by Business World, on 10th Sep 2020. Posted in World

article headline

U.S. House of Representatives Speaker Nancy Pelosi warned Britain on Wednesday that ignoring some parts of its European Union divorce treaty could imperil any new trade agreement with the United States.

"If the U.K. violates that international treaty and Brexit undermines the Good Friday accord, there will be absolutely no chance of a U.S.-U.K. trade agreement passing the Congress," the Democratic lawmaker said in a statement.

"The Good Friday Agreement is treasured by the American people and will be proudly defended in the United States Congress," Pelosi said.

Britain quit the EU in January but has remained part of its single market, largely free of trade barriers, under an agreement that expires in December. London says that if it cannot negotiate a favorable trade deal to take effect from Jan. 1, it will simply walk away.

The agreement calls for border-free trade on the island of Ireland, which the EU says should in some cases require checks on goods passing between Northern Ireland and mainland Britain.

Some fear that a failure to agree on border arrangements could jeopardize the 1998 Good Friday Agreement, which largely ended three decades of political and sectarian conflict in Northern Ireland. (Reuters)

Source: www.businessworld.ie

More articles from World

image Description

Guinness-owner Diageo U.S. business ahead of expectations

Read more
image Description

Dollar set for biggest weekly surge since early April

Read more
image Description

European stocks set for worst week in 3 months as COVID-19 cases rise

Read more
image Description

UK COVID-19 policy threatens hundreds of thousands of jobs warns Michael O'Leary

Read more
image Description

Ryanair to put UK staff on unpaid leave if furlough scheme dropped

Read more