Displaying items by tag: ERSI

21st December 2021

Exports from Britain Increasingly Ship through the North

Irish goods imports from the UK as a whole – including Northern Ireland – are down 49pc since 2015

As Independent.ie writes, Britain is now far less important to Irish importers and exporters than it was before Brexit, figures show.

A report by the Economic and Social Research Institute has found that goods from England, Scotland and Wales now make up just 7.2pc of total Irish imports, down from 23.2pc in 2015, and 6.3pc of total Irish exports, down from 10.9pc in 2015.

The shift is due to Brexit, not Covid, the ESRI said.

Trade patterns on the island of Ireland have also shifted dramatically since the 2016 Brexit referendum.

Between 2015 and February this year, Northern Ireland’s share of Ireland’s UK imports has increased more than sixfold, while it has almost doubled its share of total Irish exports to the wider UK.

Click here for more on the story.

Published in Ports & Shipping

Tagged under

Irish Exporters Association Want to Begin Plans for Economy Restart

According to the Irish Exporters Association, the ESRI report which said the economy could shrink by at least 7.1% this year is a stark warning of what is to come.

The association repeated its call for the Government to begin preparations to kickstart the economy in the aftermath of Covid-19.

Irish Exporters Association chief executive Simon McKeever said: “In a letter to An Taoiseach last week, the Irish Exporters Association called for the Government to establish a Cabinet sub-committee led by senior ministers that would form a national strategy to restart the economy in the aftermath of Covid-19.

For more click the story from the Irish Examiner here.

Published in Ports & Shipping

Tagged under

About the Loughs Agency

The Loughs Agency is a governmental body established under the 1998 Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of Ireland. The Agency's goal is to provide sustainable social, economic, and environmental benefits by effectively conserving, managing, promoting, and developing the fisheries and marine resources of the Foyle and Carlingford areas.

The Agency's governing legislation confers several specific functions, including the promotion of development of Lough Foyle and Carlingford Lough for commercial and recreational purposes in respect of marine, fishery, and aquaculture matters. Moreover, the Agency is responsible for managing, conserving, protecting, improving, and developing the inland fisheries of the Foyle and Carlingford areas. Additionally, the Agency has the task of developing and licensing aquaculture, as well as the development of marine tourism.

The Loughs Agency reports to the North South Ministerial Council and its government Sponsor Departments, the Department of Agriculture, Environment and Rural Affairs (DAERA) in Northern Ireland, and the Department of the Environment, Climate, and Communications (DECC) in Ireland. The Departments fund the Agency on an equal basis.

The Loughs Agency's focus on sustainable development is expected to have a positive impact on the economy, environment, and local communities in the Foyle and Carlingford areas. The Agency's efforts to conserve and enhance the region's marine resources, including fisheries and aquaculture, are expected to benefit local communities, promote tourism, and contribute to economic growth.

In conclusion, the Loughs Agency plays a vital role in promoting the sustainable social, economic, and environmental development of the Foyle and Carlingford areas. Its work on marine conservation and development is crucial in ensuring the long-term viability of the region's natural resources and in promoting sustainable economic growth.