Dáil Éireann Debate, Tuesday - 4 April 2017
669. Deputy Darragh O'Brien asked the Minister for Jobs, Enterprise and Innovation if her Department, in conjunction with other Departments, has been or is in the process of examining or conducting an analysis on a country and sector basis of the way Brexit will impact Ireland's trading relationship with the remaining EU member states; and if she will make a statement on the matter. [16319/17]
Amharc ar fhreagraSince before the UK decision to leave the EU my Department has been analysing the potential implications and impacts of the UK decision across all policy and operational areas.
Given the importance of trade to our economic well being, it has been a particular area of focus. Analysis has concentrated on the possible impacts of various scenarios in terms of the future UK relationship with the EU.
A research project currently underway in my Department is examining the implications for our most exposed sectors, at a firm level, in terms of trading and economic relationships of the UK being outside the European Single Market and the Customs Union. This study will also assess the associated implications for Foreign Direct Investment in terms of the freedom to invest in/own/manage enterprises, and undertake certain financial transactions.
My Department is also supporting a study which InterTrade Ireland has commissioned the ESRI to undertake examining the impact of Brexit on goods trade with a particular focus on the Border region.
Finally, my Department will shortly commission a further study to profile the composition of trade and investment of Ireland and a range of key EU Member States with the UK to further inform policy negotiating positions to be taken by Ireland.
