Irish exporters hit twice as hard by Brexit

WTO rules impose a 50 per cent tariff on meat, a major export for IrelandAIDAN CRAWLEY/GETTY IMAGES

Irish exporters will have to pay more than twice as much as their EU counterparts to sell goods to the UK under the most likely post-Brexit scenario, a think tank has warned.

The Economic and Social Research Institute (ESRI) said that while Britain may be able to negotiate a favourable trade deal with the EU eventually, this was unlikely to be achieved soon.

If such a deal is not struck by March 2019 — two years after Article 50 is due to be triggered — the most likely “fallback scenario” is the imposition of World Trade Organisation tariffs.

Martina Lawless,…

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