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There may be impacts regarding movement of labour pending negotiation between the EU and UK in which the nationality of your staff may become relevant. You should review this situation in preparation for any changes that may arise from the new relationship between the EU and UK.
Trade flows between Ireland and the UK are approximately €1-1.2bn per week. There have been various estimates of the potential fall-off in trade. But the fact remains that the UK will continue to be a key market for Irish companies. Enterprise Ireland is already taking steps to support Irish exporters to the UK consolidate their position and find new customers.
We can’t speak for all trade between the UK and Ireland but last year Enterprise Ireland client companies exported €7.5bn of exports to the UK, up 12% on 2014.
There will be at least a minimum two-year period of negotiation before any changes are introduced, per Article 50 of the Lisbon Treaty.
As an EU member, Ireland cannot negotiate a bilateral trade agreement with the UK.
The terms of any trade agreements will be negotiated over a minimum two-year period and therefore businesses will continue to trade over that period.
It is too early to tell and this will be the subject of negotiation.
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