Investor Presentaiton
Withdrawal Agreement signed in 2019
Northern Ireland protocol within Withdrawal Agreement resolves many but not all of the land border issues
The withdrawal agreement is a legally binding international
treaty which works in tandem with the free trade agreement.
Northern Ireland will remain within the UK Customs Union but
will abide by EU Customs Union rules - dual membership for NI.
No hard border on the island of Ireland: the customs border is
"in the Irish sea". Goods crossing from Republic of Ireland to
Northern Ireland will not require checks, but goods that are
continuing on to the UK mainland will.
Complex arrangements will be necessary to differentiate
between goods going to NI and those travelling through NI to UK
or vice versa. Customs checks at ports, VAT and tariff rebates
and alignment of regulations will be needed.
All of the island of Ireland remains in
the EU's "single market" for goods,
with a customs border in the Irish Sea
Northern Ireland
remains part of the
U.K.'s customs
regime but collects
taxes and tariffs on
behalf of the EU
NORTHERN
IRELAND
REPUBLIC
OF IRELAND
Gníomhaireacht Bainistíochta an Chisteáin Náisiúnta
National Treasury Management Agency
SCOTLAND
Irish
Sea
U.K.
WALES
ENGLAND
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