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Post-Brexit trade movement; Ireland plans to subsidize ferry service

Irish Foreign Minister Simon Coveney has said he will subsidize the ferry service to facilitate trade with the European Union after the Brexit.

The government is taking a new decision to facilitate the smooth movement of goods in the post-Brexit business environment.

However, with Britain’s exit from the European Union may lead to problems with this route in the future. Customs inspections and long waits for cargo are expected to occur in UK ports after Brexit.

Coveney urged companies to try to move cargo by sea from next month, as it is likely to hamper the movement of cargo through the UK from January.

Ireland is currently receiving assistance from other EU countries to avoid delays in shipments.The Green Channel is set especially for Irish containers arriving in the UK to bypass customs clearance.

Addressing an online forum hosted by PR company Hume Brophy, Coveney said the UK’s signature on the future of EU – UK relations has been signed at the International Transport Convention, which allows containers to be sealed during shipment.

However, he added that the serious congestion and delays caused by the new regulatory inspections could lead to major problems in British ports.

Last year, several ferry services and additional ships were announced for cargo movement between Ireland and Europe. However, Coveney said the country has not yet backed away from the rapid movement of goods through the UK.

He said that they are encouraging companies to run direct ferry services for the movement of goods and use November to test a new supply chain.

The Irish government has decided to invest in subsidizing ferries for the smooth running of the post-Brexit trade network.

But the ferry companies say that allowing the subsidy now would be more destructive.

Eugene Drennan, president of the Irish Road Housing Association (IRHA), said the money set aside for EU connectivity should be used to fund existing ferry services.

At the same time, Coveney says fisheries will be one of the key topics in the ongoing broader discussions about future relations with the UK.

He said that perhaps many people find this strange, because the fishing industry plays only a small role in the economy between the two countries but it is having a huge impact on the population.

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