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Displaying items by tag: Customs Union

#ExportsBrexit - Firms which employ large numbers of people by Irish owned companies are being hit by the slump in sterling, the latest trade figures suggest.

Business groups here writes The Irish Examiner condemned UK prime minister Theresa May’s speech on the UK’s plans for Brexit as being universally bad for Ireland.

Even as she confirmed that her government intended to pursue a hard line in negotiations with Brussels in the looming talks, sterling yesterday rose against the dollar and the euro as investors were placated by her comments that the UK parliament would have some sort of role in reviewing the Brexit proposals.

Sterling rose to 86.5p against the euro but remains 13% below its level of June 23 when the UK voted to quit the EU in its referendum.

Sterling’s plunge in value has piled the pressure on Irish SMEs exporting into Britain because they are in no position to cut margins to compensate for the huge currency swing.

The CSO trade figures showed that medical and pharmaceutical products — which are more likely to be made by multinationals — helped boost seasonally- adjusted exports to almost €10.2bn in November, up from €9.5bn a year earlier.

However, exporters that rely on the UK saw a slowdown as machinery and transport, manufactured goods, and foods “ all trended weaker over the course of 2016”, because of their exposure to the fall in sterling against the euro, said Davy Stockbrokers economist David McNamara.

For more including about the Customs Union, click here.

Published in Ports & Shipping

Whether you're a boat enthusiast, historian, archaeologist, fisherman, or just taken by the natural beauty of Ireland's waterways, you will find something of interest in our Inland pages on Afloat.ie.

Inland Waterways

Ireland is lucky to have a wealth of river systems and canals crossing the country that, while once vital for transporting goods, are today equally as important for angling, recreational boating and of course tourism.

From the Barrow Navigation to the Erne System, the Grand Canal, the Lower Bann, the Royal Canal, the Shannon-Erne Waterway and the Shannon Navigation, these inland waterways are popular year in, year out for anyone with an interest in rambling; flora and fauna; fishing; sailing; motorboating; canoeing, kayaking and waterskiing; and cruising on narrowboats.

Although most will surely identify Ireland's inland waterways with boating holidays and a peaceful afternoon's angling, many varieties of watersport are increasingly favoured activities. Powerboat and Jetski courses abound, as do opportunities for waterskiing or wakeboarding. For those who don't require engine power, there's canoeing and kayaking, as Ireland's waterways have much to offer both recreational paddlers and those looking for more of a challenge. And when it comes to more sedate activities, there's nothing like going for a walk along a canal or river bank following some of the long-distance Waymarked Ways or Slí na Sláinte paths that criss-cross the country.

Ireland's network of rivers, lakes and canals is maintained by Waterways Ireland, which is one of the six North/South Implementation Bodies established under the British-Irish Agreement in 1999. The body has responsibility for the management, maintenance, development and restoration of inland navigable waterways on the island of Ireland, principally for recreational purposes. It also maintains Ireland's loughs, lakes and channels which are sought after for sailing; the network of canal locks and tow paths; as well as any buoys, bridges and harbours along the routes.

Along the Grand and Royal Canals and sections of the Barrow Navigation and the Shannon-Erne Waterway, Waterways Ireland is also responsible for angling activities, and charges Inland Fisheries Ireland with carrying out fisheries development, weed management and ensuring water quality.

Brian Goggin's Inland Blog

Giving his personal perspective on Ireland's Inland Waterways from present-day activities to their rich heritage, Brian Goggin tells it like it is with his Inland Blog.

From recognising achievements in management of the waterways to his worries on the costs of getting afloat on Ireland's canals, Goggin always has something important to say.

He also maintains the website Irish Waterways History that serves as a repository for a wealth of historical accounts of the past commercial and social uses alike of Ireland's rivers and canals, which were once the lifeblood of many a rural community.