“First, we will use our best endeavours to solve this issue for the long term, through a future agreement.
If we are not ready by July 2020, we could jointly consider extending the transition to provide for more time.
“This backstop solution has evolved considerably from the original EU proposal of February this year.
In the backstop scenario, we agreed to create a EU-UK single customs territory. Northern Ireland will therefore remain in this same customs territory as the rest of the UK.
At the UK's request, NI will apply all the rules of the single market for electricity.
This is in the interest of the economy of Northern Ireland and Ireland.”