Agreements between Member States concluded as EU Member States; NOTE that the Good Friday or Belfast agreements of 10 April 1998 between the UK Government, the Government of Ireland and other participants in the multi-party negotiations (the 1998 agreement) annexed to the Anglo-Irish Convention of the same date (“British-Irish Agreement”), including its subsequent agreements and implementation agreements, should be protected in all its parts if the EU and the United Kingdom fail to achieve this by the end of the transitional period to achieve an agreement on their future relations guaranteeing that there will be no border between Ireland and Northern Ireland, the “backstop of Northern Ireland” will then come into force. In this case, Northern Ireland will be part of the UK customs territory, but it will be aligned with a limited set of EU rules, particularly with regard to goods. Trade in goods is affected. There will be regulatory controls on goods taking place at the UK`s entry into Northern Ireland and not through the land border between Northern Ireland and the Republic of Ireland. In addition, the United Kingdom will apply tariffs to the United Kingdom on products from third countries as long as goods imported with Deminland are threatened with entering the EU internal market. This applies equally to goods arriving from Great Britain to Northern Ireland or directly to Northern Ireland. However, the UK will apply EU tariffs to products that are at risk of entering the internal market. This is, of course, an extremely complex issue, because at the moment we do not fully understand how the question of the risk of entry into the internal market is defined or what measures the UK will take to enforce EU tariffs in this case and what could happen if the goods actually remained in Northern Ireland. Under the agreement, a joint EU-UK committee will further uncover these issues at a later stage.
However, trade in services with the EU must be governed by WTO rules. Under WTO rules, the specific impact for businesses will vary depending on the sector in which they operate. There will be no change in some sectors, while in other (generally highly regulated) sectors there will be additional requirements and standards and even a ban on the provision of certain services between the EU and the UK.