Dáil Éireann Debate, Thursday - 23 November 2017
67. Deputy Niall Collins asked the Tánaiste and Minister for Business, Enterprise and Innovation when the research study commissioned by her Department, Strategic Implications Arising from EU-UK Trading Patterns, is due to be completed and published. [49833/17]
View answerAs the Deputy will be aware, the major study examining the Strategic Implications arising from EU-UK Trading Patterns is underway and will provide an evidence base on key trade and investment questions to inform Ireland’s position as part of the wider negotiation on the UK’s future relationship with the EU. Using a computable general equilibrium model to quantify new barriers to trade in goods and services which might emerge as a result of Brexit, this study will:
- Quantify impact of seven possible Brexit outcomes scenarios on trade and investment – the impact of these outcomes on metrics such as GDP and employment will be considered, and analysis of both medium and long term impacts will be examined; and
- Provide in-depth analysis of key sectors. The study will decompose the potential trade and investment impacts for key sectors and in each scenario identify which elements contribute to the results (i.e. tariffs, non-tariff barriers, transit costs, other trade costs), leading to sector-by-sector understanding of solutions.
The project is due to be completed by end 2017. The study will be part of the deliberate process and key findings will be made available in due course.
