Written answers

Thursday, 1 February 2018

Department of Jobs, Enterprise and Innovation

Brexit Issues

Photo of Niall CollinsNiall Collins (Limerick County, Fianna Fail)
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182. To ask the Minister for Jobs, Enterprise and Innovation when the research study commissioned by her department, Sectoral Implications Arising from Brexit: Most Exposed Sectors, is due to be completed and published. [5242/18]

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael)
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The Department of Business, Enterprise, and Innovation has a number of research projects underway to help build an understanding of the possible implications of Brexit on Ireland for enterprise, consumers, and trading relations.  These studies examine a range of scenarios and will provide an evidence base to inform Ireland’s policy positions as part of the wider negotiation on the UK’s future relationship with the EU and further mitigation measures to respond to Brexit.

One of the research projects examines the firm-level implications of the UK being outside of the European Single Market and Customs Union for Ireland’s most exposed enterprise sectors. That research is now substantially complete and its findings are informing enterprise policy developments, and wider cross-government deliberations.

Given the nature and purpose of the research there are limitations on what content can be made publically available. My Department is currently preparing an aggregate summary which, while respecting firm-level confidentiality, provides insights at sectoral level. The aim is to publish the findings by end of Q2.

Photo of Niall CollinsNiall Collins (Limerick County, Fianna Fail)
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183. To ask the Minister for Jobs, Enterprise and Innovation when the research study commissioned by her Department, Strategic Implications Arising from EU-UK Trading Patterns, is due to be completed and published. [5243/18]

Photo of Heather HumphreysHeather Humphreys (Cavan-Monaghan, Fine Gael)
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As the Deputy will be aware, the major study examining the Strategic Implications Arising for Ireland from Changing EU-UK Trading Relations will provide an evidence base on key trade and investment questions to inform Ireland’s position as part of the wider negotiation on the UK’s future relationship with the EU. It will also inform domestic policy responses and measures necessary to mitigate risks and maximise opportunities arising as a result of Brexit. Using a computable general equilibrium model to quantify new barriers to trade in goods and services which might emerge as a result of Brexit, the study:

- Quantifies impact of six possible Brexit scenarios on trade and investment – the impact of these scenarios on metrics such as GDP and exports is considered, and analysis of both short and long term impacts is examined; and

- Provides analysis of the likely impact of Brexit on key sectors. 

The study is in the final stages of completion and my intention is to present the report to Cabinet in mid-February with a view to publishing it shortly thereafter.

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