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 Salt Lake City Sun 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 Salt Lake City Sun.
More InformationSACRAMENTO, California: In another blow to the state's push to diversify corporate leadership, a California court judge has ruled that ...
KATHMANDU, Nepal - According to the World Organization for Animal Health (OIE), Nepal has reported its first cases of African ...
NEW YORK, New York - U.S. stock markets reversed sharp losses in late trading to eke out minor gains in ...
WASHINGTON D.C.: U.S. retail sales rose strongly in April, as consumers bought more motor vehicles and spent more at restaurants, ...
LONDON, England: The UK's jobless rate fell to a 48-year low in the first three months of 2022, it was ...
SYDNEY, NSW, Australia - A reduction of the official lending criteria in China has boosted stocks on the mainland, and ...
MIAMI, Florida: Local media reported that one person was killed and five were injured when a small plane crashed on ...
Veteran left-hander Patrick Corbin will try again for his first victory of the season when the visiting Washington Nationals take ...
The Texas Rangers have won five of their past six games and look to continue their hot streak when they ...
The Atlanta Braves are starting to receive the offensive performance they expected from Marcell Ozuna, who will take a three-game ...
The St. Louis Cardinals are undertaking a youth movement during their road series this weekend against the Pittsburgh Pirates, but ...
The Los Angeles Dodgers started their 10-day, 10-game road trip with an impressive 4-1 victory over the host Philadelphia Phillies ...