Oireachtas Joint and Select Committees

Tuesday, 2 November 2021

Seanad Committee on the Withdrawal of the United Kingdom from the European Union

Impact of the EU-UK Trade and Cooperation Agreement: Economic and Social Research Institute

Dr. Martina Lawless:

I guess we have not been able to dig into this data at the granular level as to how exactly companies have reorientated but the point made by the Senator on capacity in Northern Ireland very much links to what we have just said about the attractiveness of Northern Ireland to increased investment and its ability to take advantage, in a way, of this unique status of having joint access to two separate customs unions. The certainty over the protocol is perhaps almost limiting the ability of companies to fully take advantage of that.

Many of these investments may need certainty over the longer term. We can already see the big increase in trade coming from Northern Ireland.

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