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Brexit: EU releases 5.4 billion euros to help member states

2021-10-02T07:46:43.349Z


France will receive more than 700 million euros in aid to offset the economic consequences of Brexit.


The governments of the Twenty-Seven on Tuesday approved the release of 5.4 billion euros in European emergency funds to help the member states most affected by the economic consequences of Brexit, starting with Ireland and France.

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Ireland, the only country in the Union that shares a land border with the United Kingdom, will receive € 1.1 billion to help offset the losses caused by the application since January 1 of the trade agreement post-Brexit between London and Brussels.

France will benefit from 735 million euros, a large part of which will go to the fishing sector, which has seen its access to British waters drastically reduced.

Read alsoBrexit: border controls postponed

The agreement reached on December 24 between the United Kingdom and the EU guarantees duty-free movement for the majority of goods, but new customs regulations (registration procedures and border controls) entail significant costs for them. companies on both sides.

London has introduced its own support programs for British firms affected by the economic shock of Brexit.

Source: lefigaro

All news articles on 2021-10-02

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