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Breaking: Taoiseach Leo Varadkar says in a No Deal scenario the UK wd have to agree to full regulatory and customs alignment in NI if it were to honour its obligations to the GFA and the peace process.
Varadkar added that the UK might struggle to negotiate free trade agreements elsewhere if the Irish border question remained unresolved in a No Deal scenario.
Speaking in Davos the Taoiseach said: “The United Kingdom would have a responsibility to abide by WTO rules and both the UK and Ireland would have responsibilities to honour the Good Friday Agreement and the peace process.
“So I think we would end up in a situation where EU and Ireland and the UK would have to come together, and in order to honour our commitment to the people of Ireland that there be no hard border, we would have to agree on full alignment on customs and regulations,
”...so after a period of chaos we would perhaps end up where we are now, with a very similar deal.
“In a No Deal scenario Ireland will still be in the single market, and will still be part of all those trade deals which come with being part of Europe, the trade deal with Japan, the trade deal with Canada, the trade deal with Korea, the trade deal with Singapore.
“In a No Deal scenario, the UK won’t have any trade deals with anyone, and I think it will be very difficult for them to conclude any trade deals with the question of the Irish border unresolved. Given we have a solution on the table already, let’s ratify that.”
