Brexit: France and Ireland receive large EU aid

Brexit: France and Ireland receive large EU aid

Good news for France and Ireland. The 27th EU Governments have approved the allocation of 4 5.4 billion in EU emergency funds to help member states most affected by the economic repercussions of Brexit. Ireland, the only country in the union that shares a land border with the United Kingdom, will receive 1. 1.1 billion to cover the losses incurred due to the application of the post-Brexit trade agreement between London and Brussels from January 1.

France will benefit from 7 735 million, a large portion of which will go to the fishing sector, which has significantly reduced access to British waters. The agreement reached between the United Kingdom and the European Union on December 24 guarantees the duty-free movement of most goods, but the new customs regulations (registration procedures and border controls) cost them significantly. Companies on both sides.

>> Read more – Brexit: United Kingdom Agreement Negotiated Well!

London introduced its own support plans for British institutions affected by the economic impact of Brexit.

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