Oireachtas Joint and Select Committees
Thursday, 28 November 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Impact of Brexit on Ireland's Economy: Economic and Social Research Institute
Kieran O'Donnell (Fine Gael) | Oireachtas source
I would like to drill down a small bit. What percentage of the exports of indigenous Irish export firms go to, and what percentage of the imports to Ireland come from, the UK? I have a view that the indigenous sector is far more exposed to the potential impact of Brexit than the much larger multinational companies. Dr. McQuinn referred to the FDIs. If there was a no-deal Brexit, would many of those not relocate some of their operations to mainland UK, which is such an enormous market? We have had a worry that some of our FDI sector would feel compelled to locate some of their operations in the UK. There has been a lot of abstract discussion on this area. The witnesses have done the detailed research and I would like to know how exposed the indigenous sector is.
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