Seminar on Brexit
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This Seminar will examine the implications of the UK’s renegotiation of its EU membership and the impact of a Brexit for the UK, Ireland and Europe. For Ireland, even if the UK retained access to the Single Market the likely consequences are still significant. While overall Irish exports to the UK for goods and services are 16% to 18% of the total respectively, the indigenous sector, which is labour intensive, is 43% and the agri-food sector is over 50%. Currently, non EU countries in the Single Market do not have free trade in agricultural products, and significant tariffs apply. Even if a free trade agreement was possible in agricultural products, costly customs procedures would apply to all trade. There could be gains in areas such as financial services but the overall impact would be negative for jobs particularly in manufacturing. Also there would be major implications for North/South relations if Scotland were to exit the UK following a Brexit.
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