BELFAST Great Britain and the EU agreed on a compromise in March after a long dispute over special Brexit rules for Northern Ireland. This means that food and medicine can be easily exported from the rest of the United Kingdom to Northern Ireland. However, uncompromising supporters of the union with Great Britain are fighting with all their might against any influence of the EU on Northern Ireland. Therefore, there is currently no functioning regional government.
The “Windsor Agreement” is an elegant solution, Hagan told the German Press Agency. Exports to the neighboring EU country Ireland have risen sharply, but more goods and services are also being sold to the rest of the United Kingdom. Small economies could be successful if they presented themselves as agile and innovative. The region is still nowhere near as advanced as Singapore or Dubai. “But the potential is huge.” Over the past 20 years, the technology sector has grown significantly and attracted foreign direct investment from countries such as the USA. The industry offers skilled workers at comparatively low costs.
However, the political vacuum remains a serious problem, the expert emphasized. Stability and security are important prerequisites, especially for foreign direct investments. The multi-day investment summit will present Northern Ireland in the global spotlight. But the lack of political leadership is embarrassing and frustrating for most people. “Just think of how good we could be.” All pieces of the puzzle are available and just need to be arranged.
2023-09-12 15:46:12
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