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Presumably ensuring this is done in an integrated way across the EU will be a key part of McGuinness' role.
In some ways I am relieved Ireland no longer has the trade portfolio as we were the weakest link in any EU resolve to tough out a trade war with the UK post a no-deal Brexit. UK Brexiteer sources always delight in pointing out that many economic studies have shown Ireland will suffer an even larger decline in GDP post a no deal Brexit than the UK.
I remain sceptical about this. Ireland's exports to the UK are down from 90% of our total exports pre-EU membership to about 10% now and declining. The agriculture sector will be hit hard but I suspect much of those "exports" will leak across the border appearing as internal movements within N. Ireland/GB.
I suspect this situation will be tolerated by both sides as a necessary "ambiguity" until such time as a trade deal is ultimately agreed. With the UK currently threatening to renege on the already signed and ratified Withdrawal Agreement I can see all UK exports being blocked at Calais until the UK comes into compliance with the Withdrawal Agreement.
The Irish Economy has declined by 6.1% GDP in the second quarter with domestic demand (a more accurate reflection of the real economy) declining by 16.4%. But exports are booming so I suspect the whole economy will adjust to a no-deal Brexit rather more quickly than most commentators seem to expect.
Index of Frank's Diaries
by Frank Schnittger - Sep 18 43 comments
by Luis de Sousa - Sep 13 30 comments
by ARGeezer - Sep 7 56 comments
by Frank Schnittger - Sep 8 70 comments
by Frank Schnittger - Sep 4 18 comments
by Bernard - Aug 27 5 comments
by Frank Schnittger - Aug 30 14 comments
by Frank Schnittger - Sep 1843 comments
by Luis de Sousa - Sep 1330 comments
by Frank Schnittger - Sep 870 comments
by ARGeezer - Sep 756 comments
by Frank Schnittger - Sep 418 comments
by Frank Schnittger - Aug 3014 comments
by Bernard - Aug 275 comments
by gmoke - Aug 27