Thursday October 22, 2020

Economy would take €500m hit with Brexit tariffs

Goods moving from the North to the Republic would suffer an 11 per cent hit because of increased costs

Ian Guider

Markets Editor

@ianguider
11th June, 2017

The imposition of World Trade Organisation tariffs on trade between the Republic and the North after Brexit would result in an economic hit of almost €500 million.

Goods moving from the North to the Republic would suffer an 11 per cent hit because of increased costs, while trade in the opposite direction would slide by 8 per cent, according to a report drawn up by Intertrade Ireland, a cross-border government agency.

The report examined the impact of...

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