Friday 9 December 2016

'Brexit' crisis also an opportunity

Published 08/11/2015 | 02:30

Ireland exports 16pc of its manufactured goods and 19pc of services to the UK, after all, and currently imports 34pc of its goods from the UK and 18pc of its services.
Ireland exports 16pc of its manufactured goods and 19pc of services to the UK, after all, and currently imports 34pc of its goods from the UK and 18pc of its services.

Enda Kenny will tomorrow address influential UK business leaders at the Confederation of British Industry annual conference during which he is expected to emphasise the importance of a close relationship between the UK and Irish economies.

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Insofar as it goes that is fine, but the Taoiseach should be mindful not only of the negative consequences for this country of what is called 'Brexit' - British exit from the EU - but also of the potential opportunity presented to Ireland and to the EU during current negotiations on this delicate issue.

There is no doubt as to the importance of trade links between the UK and Ireland, more so to Ireland than to our nearest neighbour, in truth; but important to the UK nonetheless, hence the invitation to Mr Kenny from business leaders in London.

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