Written answers

Monday, 11 September 2017

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Fianna Fail)
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227. To ask the Minister for Finance the Brexit-related research currently being undertaken by his Department; the topics under consideration; the date this research commenced; the expected date for completion and publication in tabular form; and if he will make a statement on the matter. [38886/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The Department of Finance has been preparing for the impact of Brexit since well before the referendum on 23 June 2016, with this work now intensified.  In that regard, the Department has been to the fore in producing and funding a number of Brexit-related studies, both before and since the UK's referendum decision. 

To date, outputs include:

- A scoping study published in November 2015 under the Department of Finance-ESRI joint research programme;

- An in-depth analysis of the possible sectoral and regional impacts of Brexit arising from Ireland's trade relationship with the UK, published with Budget 2017;

- A joint research paper with the ESRI, published in November 2016, that modelled the medium to long term macroeconomic impact of Brexit under a number of scenarios, including a hard Brexit.

Ongoing studies include:

- A new sectoral study entitled UK EU Exit: Trade Exposures of Sectors of the Irish Economy in a European Contextexamining the trade exposures of sectors of the Irish economy and other EU-27 Member States, will be published by my Department very shortly.

- A study currently being undertaken under the Department of Finance-ESRI Joint Research Programme covering the following:  volumes of trade arriving from the UK and by what mode (for example container or refrigerated truck); the extent to which trade from other countries arrives in Ireland using the UK as a land-bridge; scenarios for how much these trade levels might be affected by the introduction of tariffs or non-tariff barriers. This research is expected to be completed later in 2017.

The Department of Finance will continue to carry out relevant analysis within its areas of responsibility as required.

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