The nature of the trade arrangements that will be in place following the exit of the UK from the EU is currently unknown and will be the subject of considerable negotiation over the coming years. To inform this process, this research examines current cross-border trading patterns and considers the potential impacts on overall trade of the application of current EU WTO tariffs.
The impact of Non-Tariff Barriers (NTB’s) and changes to the euro-sterling exchange rate are also examined. The total impact on trade is derived from a combination of the size of the price increase caused by the tariff and NTBs and the sensitivity of trade to price changes.
This report was funded by the Department of Jobs Enterprise and Innovation and undertaken by the Economic and Social Research Institute and developed with input from the Department of Jobs Enterprise and Innovation, Department of Agriculture, Food & the Marine, Revenue Commissioners and the Department for the Economy.
Source: Inter Trade Ireland