Ryan O'Meara (Tipperary North, Fianna Fail)
Link to this: Individually | In context

There was a conversation on tariffs here yesterday and it was about supporting indigenous industry. I put a question to the Central Bank and its response kind of surprised me, particularly about indigenous industry in the part of the country I represent, where the nitrates derogation is a major issue at the moment. I asked the Central Bank whether it had done any investigation into what the economic impact of a loss of derogation would be on the Irish economy, particularly the rural economy. Derogation probably affects one part of the country in particular, let alone the fact it only impacts one country in all of Europe. The response was there has been no research done on that. When we talk about supporting indigenous industries, it is quite worrying to learn that there has been no research done to see what the economic impact of a loss of the derogation would be. Has work been done within the Government on that?