Read on Twitter
+UPDATE+
Republic of Ireland’s trade with Great Britain falls to historic low.
Ireland’s trade with GB (ie. UK minus N. Ireland) is heading for significantly less than 10% of its total world trade.
Note:
Intra-Irish trade still forms circa 10% of IRL-UK trade.
Republic of Ireland’s trade with Great Britain falls to historic low.
Ireland’s trade with GB (ie. UK minus N. Ireland) is heading for significantly less than 10% of its total world trade.
Note:
Intra-Irish trade still forms circa 10% of IRL-UK trade.
2/
Additionally,
Ireland is one of the few EU countries which has consistently recorded trade surpluses with UK (due to a variety of sectoral & historical reasons). This means that a reorientation of IRL to EU may hit UK firms more.
Additionally,
Ireland is one of the few EU countries which has consistently recorded trade surpluses with UK (due to a variety of sectoral & historical reasons). This means that a reorientation of IRL to EU may hit UK firms more.
3/
What’s oft not appreciated in UK is Britain’s trade surplus with Ireland is - despite
size - one of UK’s largest.
In other words - if UK is serious about trade - maintaining closest possible Irish trade access for UK should have been a key objective.
What’s oft not appreciated in UK is Britain’s trade surplus with Ireland is - despite
size - one of UK’s largest.In other words - if UK is serious about trade - maintaining closest possible Irish trade access for UK should have been a key objective.
4/
In other words.
While Irish trade might seem “old school” if Brexit was an attempt to reduce trade deficits (as often said) the last thing UK should’ve done was to put obstacles in the way of
trade.
Instead, UK looks to be sacrificing one of its biggest export markets.
In other words.
While Irish trade might seem “old school” if Brexit was an attempt to reduce trade deficits (as often said) the last thing UK should’ve done was to put obstacles in the way of
trade.Instead, UK looks to be sacrificing one of its biggest export markets.
