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00:00It must have seemed like quite a long commemoration of the Good Friday agreement. It feels, you know, it's been running for a while. I guess we're at the end now. 25TH anniversary. Do you think the Windsor framework will get a 25th anniversary? Oh, I think it will, but it's not. It's not the same thing. You know, the Good Friday agreement ultimately brought peace to the island and allowed us to open the door to a lot of investments and a lot of prosperity, particular south of the border, north of the border as well. Open the door to a lot of social progress, reversed decades of outward migration, for example. So, you know, winter framework is important, but it's a technical arrangement around trading and customs. And so is the difficulty. It's an outrageous comparison, I guess. But I guess the point is, does it effectively resolve the question marks around the post Brexit relationship? Yes, I believe it does. It's now been agreed by the EU and the UK. Nobody's calling it firm for it's for it to be reopened. The renegotiation that not even the DUP. The issues that they raise are issues that are bilateral with the UK government. So I do think it gives us a settled agreed trading arrangement, some relationship for Northern Ireland. And now we need to work on getting institutions up and running. But that won't involve reopening the Windsor the Windsor framework. But what I would say, though, is that none of these things are necessarily the final word on the UK's trading relationship with the European Union. We do know in the next few months they're going to start their checks on imports from the EU. That's going to be that is going to affect us and affect anyone who trades with the UK. It's always in a few months. Yeah, well, they might get off again, but sooner or later it's going to happen. And we have to, you know, accept that reality and regular leverage must be done. It will require constant negotiations, constant alterations through relationship. The beautiful thing about the single market is you don't have to worry about any of that. You all have the same rules relationship with the UK. I think it's going to be a bit more like the race chip. We have we have with Switzerland or other third countries, Norway, you know, where agreements have to be amended and changed from time to time. But what one thing I would still hope for and it's not impossible in my view, is that in the future, a future British government, maybe not the next one, maybe not the one. After that, we'll seek a closer relationship with the European Union. Again, that mightn't be rejoining. I think that's a remote prospect. But, you know, it might involve a revision of the TPA, the trade cooperation agreement to have a closer relationship. And that's something that's the door will always be open to.

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Irish PM Hopes UK Will Seek Closer EU Relationship

Irish Prime Minister Leo Varadkar said he hopes the UK will one day seek a closer relationship with the European Union, although rejoining the bloc as a full member remains “a remote prospect.” He speaks at the Bloomberg New Economy Gateway Europe event near Dublin. (Source: Bloomberg)

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