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

Photo of Joan BurtonJoan Burton (Dublin West, Labour) | Oireachtas source

There have been frequent references in the current UK Prime Minister's speeches, both when he was elected Prime Minister and subsequently, about the development of a string of what are called freeports in the UK, and there have been three locations spoken about in the North, namely, Derry, Belfast and Larne. Does the ESRI have any experience of how this kind of freeport arrangement would be likely to operate? In other countries, it is viewed with quite a lot of trepidation because of not just its impact on trade but its broader implications. I do not know if this would be a negotiating point, but he has already promised this right along the coastlines of the UK. As I said, there have been references to three potential locations in the North.

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