SIPTU last week called on the Government to immediately begin negotiations with the UK aimed at stabilising the trade in manufactured goods between the two states in the aftermath of the British vote to leave the EU.
Currently around 16% of goods manufactured in the Republic of Ireland are exported to the UK. This figure rises significantly in the agriculture, food and drink sectors.
SIPTU Manufacturing Division Organiser, Gerry McCormack said, "It is imperative that the Government immediately begins discussions on a bilateral and EU level that are aimed at protecting the interests of the manufacturing sector in Ireland in light of the result of the UK vote."
He added, "In the short-term, manufacturing in Ireland faces the problem of the devaluation in Sterling. This will make Irish exports more expensive for British consumers. In the medium and longer-term, the new relationship that will be negotiated between the EU and UK will have a major impact on manufacturing in Ireland."
Source: www.businessworld.ie
