Oireachtas Joint and Select Committees

Tuesday, 8 December 2020

Joint Oireachtas Committee on the Implementation of the Good Friday Agreement

The Northern Ireland Economy: Discussion

Professor John FitzGerald:

I have a view. As Professor Morgenroth said, we looked at a partial analysis of what a united Ireland would look like in terms of an economy. One would have to look at the cost to Northern Ireland of losing access to the GB market. The Northern Ireland economy is totally integrated into the GB market and the loss of that would be extremely serious. One must then think about what Northern Ireland would get in terms of increased access to the Irish and EU markets. The point made by Professor Morgenroth is that there is a possibility of a major opportunity for Northern Ireland if the UK honours the deals it has already signed up to. The benefits in terms of increased access to the EU and Irish markets would probably not offset the loss of the GB market. There are many other things we have not looked at. As Professor Morgenroth said earlier, we have looked at a partial analysis here. One needs to take account of many other things.

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