• The Financial District


Ireland has lost the influential trade portfolio after President Ursula von der Leyen reshuffled the European Commission (EC) and proposed that Latvia's Valdis Dombrovskis take up the post, Ella Joyner reported for Deutsche Presse-Agentur (dpa) on September 9, 2020.

The shake-up was triggered by Ireland's Phil Hogan resigning as EU trade chief late last month after he flouted his home country's regulations to curb the spread of the coronavirus.

Dombrovskis currently serves as EU Commission vice president in charge of economy and had temporarily taken over Hogan's duties since he stepped down.

Ireland's seat in the European Union's executive arm is to go to EU parliamentarian Mairead McGuinness, who is to serve as EU commissioner for financial services, stability and capital markets under von der Leyen's plan - subject to the green light from the European Parliament. Trade is one of the most powerful portfolios in the commission and is responsible for negotiating commercial relations with partner countries on behalf of the 27 member states. This includes negotiations for a deal with post-Brexit Britain and easing trade tensions with the United States.

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