Over 75% of exporters finding it difficult to plan for Brexit

Cross-Border trade group’s report finds only 3% of Irish exporters have Brexit plan

Despite Brexit, 56 per cent of Irish exporters say that their business remains “stable”.

Despite Brexit, 56 per cent of Irish exporters say that their business remains “stable”.

 

More than three-quarters of Irish exporters are finding it difficult to plan for Brexit, as uncertainty over the UK’s exit from the European Union continues more than a year after the vote took place, according to a new report.

InterTradeIreland, a cross-Border trade and business development body, said its latest business monitor report, for the second quarter of 2017, shows that only 3 per cent of exporters have a Brexit plan in place.

Stability

Still, the body said that the report “reveals stability in the all-island economy”, with 56 per cent of responding firms saying that their business remains “stable”, while a third reported growth.

“The stability we see in this quarter’s Business Monitor survey is quite remarkable, given the level of uncertainty in the marketplace,” said Aidan Gough, strategy and policy director at InterTradeIreland.

“It’s interesting to see that, so far, there is little indication of direct negative impacts from uncertainty linked to Brexit. That being said, it’s essential Irish SMEs start to prepare and plan for the outcome of the Brexit negotiations.”