6/23, 2:08 PM (Source: TeleTrader)
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EU to grant food grace period extension to UK - report

The European Union will approve the extension of the food-related grace period under the Northern Ireland Protocol that the United Kingdom had requested, Irish public broadcaster RTE News reported on Wednesday.

European Commissioner Maros Sefcovic, who is negotiating the matter on behalf of Brussels, has reportedly urged the bloc member states to grant the extension quickly. EU countries have unofficially given conditional approval for the deal, according to the report, as the extension will provide more time for the UK to comply with the bloc's food safety regulations and for both sides to find a long-term solution to the issue.

The new grace period extension ends on September 30, while the previous one was set to expire on July 1.

Breaking the News / MS