The progressive completion of the Single Market programme has steadily been laying the basis for the disappearance of the technical, administrative and taxation barriers between North and South in Ireland and should lead to significant increases in cross-Border trade.
These prospects should be considerably boosted by the participation of both parts of Ireland in economic and monetary union, especially if Britain ultimately decides to participate in the move to the final stage. The irrevocable change to a single European currency would provide a stable and predictable context for cross-Border trade, investment, economic co-operation and partnership generally.
The prospect, under the Delors Package Mark II, of a further major increase in the resources which the Community devotes to regional development and of a continuation of the Interreg initiative should help further to reinforce economic co-operation between North and South and create that climate of mutual knowledge and confidence between communities and people on both sides of the Border on which political progress can be built.
The Government are ready to support any arrangements for combining our respective strengths and resources, North and South, to maximise the opportunities and to overcome the problems of an intergrated economic Community.
The intensification of contacts and mutual knowledge, together with the common participation in a political union which is already a focus for peace, stability and prosperity in Europe and which aims to contribute to confidence and the prevention of strife throughout the Continent, the Government sincerely hope to bring home to all concerned the anachronistic and futile nature of the conflict in Northern Ireland which has continued for far too long, and also lend a powerful stimulus to ending that conflict by political and democratic methods. The Government hope that, taking inspiration from Community models, it may be possible, through dialogue, to devise structures which will emulate in Ireland this positive European experience to the benefit of the people of these islands.