Oireachtas Joint and Select Committees

Tuesday, 14 February 2017

Committee on Budgetary Oversight

Competitiveness and Economic Growth: National Competitiveness Council

4:00 pm

Professor Peter Clinch:

The Chairman is absolutely right and has put his finger on a major problem that so much of our logistics and our trade, in terms of the transport routes, are carried through the UK. It is a bit like the energy question although in this case, it is more apparent that this will be a problem. Clearly we have to look at alternatives and this might go back to Deputy Calleary's first point about whether we are putting in place the appropriate Brexit plans. I do not get to see what are the machinations of the Government and its Departments until they are produced but it is something to which the council has drawn attention in its reports. Again, I agree it makes absolute sense to examine these things and to think through the implications of what we would have to do in a worst-case scenario. All of us hope that somehow we can come up with ways, between the European Union and the UK, to have a process by which we can phase our reaction to what would be an extraordinary structural shift in our trading relationships.