Food and drinks industry ‘exposed’ due to Brexit
According to the latest CSO analysis Irish food went into 159 countires in 2018 but the UK was by far the country's largest export market. File Picture.
Agriculture, food and drink added €12bn to Ireland’s economy in 2018 but is now exposed to the elements as a direct result of Brexit, according to new information released by the Central Statistics Office (CSO).
‘Food and Agriculture: A Value Chain Analysis’ points to “large investment” in this country by foreign-owned food and drink producers, the notable inflows of earnings from exports, and from dividends from foreign subsidiaries of Irish-owned MNEs. A value chain analysis follows economic transactions from output, imports, and exports, through value added, to dividends and assets.
