Oireachtas Joint and Select Committees

Tuesday, 22 November 2016

Joint Oireachtas Committee on Agriculture, Food and the Marine

Impact of the UK Referendum on Membership of the EU on the Irish Agrifood and Fisheries Sectors: Teagasc

4:00 pm

Photo of Pádraig Mac LochlainnPádraig Mac Lochlainn (Sinn Fein) | Oireachtas source

We have Teagasc's excellent report from earlier this year. Another area of concern is the language that has been coming from what will be the new Trump administration in the United States in terms of trade. Has Teagasc done any analysis on the impact on prices if Britain was to engage with the United States, Canada and other international players directly? I see it referred to but I am interested in detailed analysis.

The questions I will ask might need a crystal ball to answer so I apologise in advance. The report is from April this year and the situation is changing all the time. The other issue is sterling, which has recovered a little bit since it hit the one euro to 90 pence sterling rate. It has fallen back. There are people in Britain saying it will fall back further as time moves on. Does Teagasc have any sense of that? Again, it is a crystal ball question.

The all-island dimension is one of the five key points Dr. Hanrahan referred to. Will he elaborate on the all-island implications? As a Donegal man, I am very concerned about that. Will Dr. Hanrahan speak on those points?

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