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Author, No (2019) POTENTIAL IMPACT OF WTO TARIFFS ON CROSS-BORDER TRADE. InterTradeIreland, 2019. [Working Paper]

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    The nature of the trade arrangements that will be in place following the exit of the UK from the EU is currently unknown and will be the subject of considerable negotiation over the coming years. To inform this process, it is useful to have information on the current trading patterns and how different elements of alternative trade arrangements might impact on overall trade flows and how these might be distributed across different sectors and products. Businesses across the island of Ireland are currently highly integrated with products potentially crossing the border multiple times during different stages of processing. It is therefore particularly exposed to even temporary disruptions to trade or increases in trading costs as a particularly closely knit example of the European single market. In the absence of a specific trade deal being agreed, the tariffs applied to third countries under World Trade Organisation (WTO) arrangements represent a fallback scenario for goods trade. Although this may be considered a worst case scenario, it is a useful exercise to examine the impact of these tariffs and other trade barriers in order to understand the parameters in which trade negotiations would operate. Trade in services does not have a similar fall-back set of tariffs or trade restrictions and data on services trade is more limited so this paper focuses entirely on goods trade.

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    Item Type: Working Paper
    Subjects for non-EU documents: EU policies and themes > Policies & related activities > Brexit
    Other international institutions > GATT/WTO
    Countries > Ireland
    Countries > U.K.
    EU policies and themes > External relations > international trade
    Subjects for EU documents: UNSPECIFIED
    EU Series and Periodicals: UNSPECIFIED
    EU Annual Reports: UNSPECIFIED
    Depositing User: Phil Wilkin
    Official EU Document: No
    Language: English
    Date Deposited: 29 Dec 2019 17:00
    Number of Pages: 15
    Last Modified: 29 Dec 2019 17:00

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