Robert Besser
19 Jan 2022, 18:38 GMT+10
DUBLIN, Ireland: Since Brexit went into effect in 2020, Ireland has witnessed a 20 percent decline in goods exported from Great Britain, according to Ireland's Central Statistics Office.
The CSO reported that imports fell by €3,272 million to €12,501 million between January and November 2021, compared to 2020.
However, exports from Ireland to Great Britain increased by 20 percent in 2021.
Also, the impact of Northern Ireland remaining in the EU has resulted in an increase in cross-border trade with Ireland, as businesses do not wish to ship through the UK, which imposed customs checks on goods travelling from Britain to Northern Ireland.
Imports into Ireland from Northern Ireland have jumped by 64 percent to €3,679 million, compared to 2020, while exports to Northern Ireland from Ireland increased by 48 percent.
Of note, a survey found that 45 percent of British businesses say it is difficult adapting to changes in rules brought about by the UK-EU Trade and Cooperation Agreement, according to the British Chambers of Commerce.
"These data certainly do illustrate that the issues with the TCA are not 'teething problems' but more structural defects that, whilst fixable, if not attended to will lead to long term damage to our economy," said Shevaun Haviland, Director General of the British Chambers of Commerce, as reported by euractiv.com.
Among the problems facing British businesses, besides the extra paperwork caused by the protocol, are new burdens because of VAT requirements, customs checks and rule of origin requirements.
Additionally, businesses in Northern Ireland told euractiv.com that one in five businesses in Northern Ireland said their UK supplier would no longer conduct business with them.
Get a daily dose of Nashville Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nashville Herald.
More InformationTOKYO, Japan: U.S. President Joe Biden said this week that he supports calls for Japan to become a permanent member ...
LONDON, England: The UK's Telegraph newspaper has reported that Foreign Secretary Liz Truss has proposed that Britain send modern weaponry ...
SHANGHAI, China: The central Shanghai district of Jingan, a key commercial area in China's financial hub, has announced that it ...
KYIV, Ukraine: Andrzej Duda, President of Poland, told lawmakers in Kyiv this week that Ukraine has the right to decide ...
SAN ANTONIO, Texas (ANI/Big News Network): The death toll in the mass shooting incident at a school in Texas now ...
LONDON, England: Citing a U.S. official, the Financial Times reported this week that during the Quad summit in Tokyo, the ...
NEW YORK CITY, New York: The market for global online tutoring services is expected to grow from $21 million in ...
SYDNEY, NSW, Australia - Shares across Asia fell on Thursday, with the exception of the Chinese mainland market where modest ...
SANTIAGO, Chile: Easter Island, one of Chile's most important tourist attractions, will reopen to visitors on August 1, the government ...
NEW DEHLI, India: In a move expected to end the country's exports of the raw materials needed to manufacture steel, ...
NEW YORK, New York - The release of the minutes of the Federal Reserve's monetary meeting earlier this month surprisingly ...
WASHINGTON D.C.: A leading U.S. official has said that even if Taiwan is excluded from President Joe Biden's Asian economic ...