Oireachtas Joint and Select Committees
Thursday, 25 May 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Brexit - Recent Developments and Future Negotiations: Discussion (Resumed)
10:00 am
Michael McGrath (Cork South Central, Fianna Fail)
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I am just trying to get a sense of the overall cost involved. In respect of cross-Border trade, we are looking at a figure of about €230 million. For imports from the United Kingdom, we are looking at an extra €90 million, which brings the figure up to €320 million. We are looking at a figure of about €80 million for exports. That adds up to about €400 million in compliance costs for businesses involved in trade with the United Kingdom.