Oireachtas Joint and Select Committees

Tuesday, 16 May 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Brexit - Recent Developments and Future Negotiations: Discussion

4:00 pm

Mr. John Callinan:

The longer we are in the realm of wanting to see the closest possible trading relationship and free trade continue between the United Kingdom and the EU, clearly the less the other negative impacts will be. There is a balancing act between pursuing our clear objectives in the negotiations on the one hand, and then recognising that there are still risks and downsides. Therefore there is a timing issue in how to deploy that. If it is deployed too soon, it looks like having more or less given up on what the overall negotiating outcome would be. There is a balancing act to be struck there. We are looking at the state aid rules and what further measures might be possible. My colleagues from the Department of Jobs, Enterprise and Innovation might want to add to that.