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 Bristol Star 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 Bristol Star.
More InformationLONDON, England: The UK's Competition and Markets Authority has launched its second investigation into the advertising sales practices of Google.According ...
LONDON, England: UK officials are expected to approve a request by Shell Oil to develop a North Sea gas field, ...
LONDON, England: For the first time, the British government has introduced legislation to recognize and protect the Irish language in ...
LONDON, England: A joint declaration to boost defense and security collaboration was signed between Britain and Lithuania this week. London ...
JAKARTA, Indonesia: Indonesia, this week, summoned the UK's ambassador to explain the raising of a gay rights flag at the ...
LONDON, England: The UK's Telegraph newspaper has reported that Foreign Secretary Liz Truss has proposed that Britain send modern weaponry ...
BUCHAREST, Romania: Romania's defense ministry has said that it will continue flying its remaining MiG-21 Lancer fighter jets until May ...
TIRANA, Albania: Following violent clashes between Dutch and Italian fans and the police ahead of this week's Europa Conference League ...
TOKYO, Japan: A new high-density electric battery developed in Japan has the potential to power electric airplanes, according to industry ...
ATHENS, Greece: After a sharp increase in attempted entries by migrants through its Aegean islands and land border with Turkey ...
HONG KONG: In his first public remarks since he was arrested under Hong Kong's National Security Law earlier this month, ...
MOSCOW, Russia: Following the closure of a number of Russian state news outlets in the West, this week the Russian ...