Oireachtas Joint and Select Committees

Thursday, 12 June 2025

Committee on Fisheries and Maritime Affairs

Extension of EU-UK Trade Agreement and Implications for the Irish Fishing and Seafood Industry: Discussion

2:00 am

Mr. Brendan Byrne:

Yes, I can confirm the amount that was returned was €213 million. That is what we were told at the most recent two meetings at which this issue was addressed. The Deputy is 100% correct. The real impacts and the accumulative impacts of the quota transfers resulting from the TCA are being felt year-on-year. We can see that from the catching sector and the representatives here. The profitability in the catchment sector is down 82%. In our sector, the processing sector, at least 50% of the factories are working less time. At least 30% to 40% of the factories are no longer profitable and making considerable loses. All those challenges are a direct result of having lost 26% of the value of our quota in order for the TCA to be agreed. That also translated into Ireland contributing 40% of the volumetric value of the overall TCA deal for all of Europe. One member state contributed 40% whereas the other eight contributed the 60%. It is an easy maths equation when we look at it. We have to fair and objective. Ireland got a severe and disproportionate hit as a result of this. While the 12-year certainty is welcomed by us, it also confirms 12 years of further loses unless we can do things differently.

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