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16 November 2018

Main NI business groups issue joint statement

Responding to the publication of the draft withdrawal agreement, the national business organisations represented in Northern Ireland CBI NI, FSB NI, IoD NI and NI Chamber of Commerce have made a joint statement:

“The draft withdrawal agreement is a welcome step forward which provides some much needed clarity that local businesses have been calling for.

“While by no means perfect, it provides a platform to move onto the critical next stage and allows work to begin on the formulation of a comprehensive future trade deal.

“Crucially, the provision for an extended transition period offers our members the flexibility and time to adjust to a new relationship with the EU which they must be allowed to do in as smooth and orderly a manner as possible.

“However, neither this, nor the proposed backstop mechanism are the intended permanent solutions and ultimately, successful negotiations require compromise.

“In that spirit, we have been clear that a no-deal Brexit would be deeply damaging and would represent a very bad outcome for businesses, consumers and the economy as a whole. Accordingly, we are pleased to see this agreement and look forward to being involved in the next stages of the process as we move towards the future relationship.”

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