knowledge | 22 September 2016
Business Critical Changes to Irish–UK Trade Rules: How Should Irish Agri-Food Producers Plan for Brexit?
What rules will govern Irish–UK trade after Brexit? For Ireland’s agri-food industry it is a €8.4bn question: 2015 exports to the UK were €4.4bn while Irish imports from the UK were £3.4bn (circa €4bn today). Could Irish producers face tariffs on exports to or raw material imports from the UK? Not since the 1930s has Irish–UK trade faced such uncertainty. But even if Brexit is unprecedented and what it means for trade still unsure, some important things are clear already.
This document has been prepared by McCann FitzGerald LLP for general guidance only and should not be regarded as a substitute for professional advice. Such advice should always be taken before acting on any of the matters discussed.