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McGrath to visit Stormont to meet NI Finance Minister

Minister for Finance Michael McGrath will travel to Stormont to meet his Northern Ireland Executive counterpart, Dr Caoimhe Archibald, for the first time.

He will also visit a number of projects in Belfast which are supported by the Government’s Reconciliation Fund.

Minister McGrath hopes to build what is described as a “cooperative and collaborative” working relationship with Finance Minister Archibald, who is a Sinn Féin MLA.

He said: “This meeting provides an excellent opportunity to discuss our shared economic interests, the all-island economy and the shared opportunities and challenges we face.

“We now have an opportunity, with the Executive restored and greater certainty around key issues such as post-Brexit trade, to maximise the potential of the economic relationships on this island.”

Cross-border trade has increased in recent years.

At the start of this decade total trade in goods and services amounted to under €5 billion, while in 2022 this rose to €11.6 billion.

The Government hopes that the North South Ministerial Council, a key body established under the Good Friday Agreement, will meet soon and bring together ministers from departments across both administrations.

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