Monday 20 November 2017

Brexit study ordered on Irish trade flows with UK and EU

The report will also look at the impact on Ireland of a potential post-Brexit free trade deal between the EU and UK. Photo: Bloomberg
The report will also look at the impact on Ireland of a potential post-Brexit free trade deal between the EU and UK. Photo: Bloomberg

Colm Kelpie and John Mulligan

A major study providing a detailed profile of the trading relationships between Ireland and other EU member states with the UK is being commissioned by the Government to feed into its Brexit preparations.

The report will also look at the impact on Ireland of a potential post-Brexit free trade deal between the EU and UK.

The study, which is expected to be published in December, will look at the existing levels and patterns of trade between Ireland and the UK, and the UK and other EU states. It will also set out the quantitative impact on Ireland's trade with the UK in a range of post-Brexit scenarios One of these will be a free trade agreement between London and EU states.

The study, using existing research, will "profile the composition of trade and investment of Ireland and a range of EU member states with the UK, and provide an evidence base to inform Ireland's policy positions as part of the wider negotiation on the UK's future relationship with the EU," said the Department of Jobs, Enterprise and Innovation which has issued a tender. "The work will also inform national approaches to formulating and delivering enterprise policy, particularly responses to the UK's exit."

The study's authors will also have to identify Irish trade policy options and make recommendations. The report will be provided for the Department of Jobs, Enterprise and Innovation led Brexit Trade and Investment Group (BTIG).

It provides a forum for examination of trade and investment policy implications arising from the UK's exit from the Single Market and, potentially, from the Customs Union.

Although it is chaired by the Department of Jobs, there are also representatives from the Departments of Finance, Public Expenditure and Reform, Agriculture, Food & the Marine, Taoiseach, Foreign Affairs & Trade, and the Revenue Commissioners.

Irish Independent

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