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Of the top 15 goods in the European Union most exposed to Brexit, 11 are Irish. Of these 11, six are agri-food products.
This is according to a report by the Department of Finance, entitled UK EU Exit: Trade Exposures of Sectors of the Irish Economy in a European Context which examined the trade exposures of sectors of the Irish economy and other EU member states to the UK.
The report, which was released on Wednesday, showed that Ireland is substantially more exposed in a number of the goods sectors, particularly agri-food.
Irish cereal and cereal production tops the list of most exposed product in the EU, followed by Irish vegetables and fruits.
Irish live animals come in fifth, with Irish animal feedstuff in sixth.
Irish meat is ranked 13th most exposed with dairy in 15th.
In fact, the only other member state’s products to appear on the list are Malta and Cyprus, with two each.
Mercosur
It has also been revealed this week that a Mercosur deal is getting closer. This has sparked concern from some farming organisations.
Meat Industry Ireland (MII) strongly condemned the potential trade deal saying it would be highly damaging to the Irish beef sector, especially with the uncertainty of Brexit.
This report by the Department of Finance is likely to exacerbate such fears.
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