An A-Z of the EU rules that matter for the economy
11 April 2018
CBI NI comment on new CBI report 'Smooth operations'
CBI NI has commented on the launch of a new CBI report on alignment and divergence with EU rules and regulations
Commenting, Angela McGowan, CBI NI Regional Director said:
“As the only part of the UK which shares a land border with an EU Member State, Northern Ireland businesses rely on continued regulatory convergence to support all-island operations and supply chains. Individuals cross the border every day for meetings and commutes, as do goods and services. A significant amount of convergence with EU rules will be necessary for Northern Irish companies to continue operating seamlessly across the island of Ireland. Continued regulatory alignment will also be required to support the all-island Single Electricity Market – a key priority for local firms.
“However, at the same time, it is not in the interest of Northern Irish businesses to fall significantly out of step when it comes to UK regulation and by doing so set up barriers in the Irish sea. Unfortunately, a balance that protects Northern Ireland’s economic prosperity has yet to be identified”.