Ireland benefits from a slowdown in trade between London and the European Union

Ireland benefits from a slowdown in trade between London and the European Union

Decryption – The island’s port activity has jumped more than 50% in less than a year. At the same time, trade relations with France are tightening.

To understand the changes in international trade, there is nothing like looking at the performance of ports. Especially when it comes to the islands. The volume of cargo handled by British ports is expected to hit a 40-year low of 408 million tonnes this year, down 13.5% from 2019. The country’s merchandise trade fell by 15.7%. The first ten months of the year, according to the Center for European Reform.

In contrast, Irish port activity jumped more than 50% in the first nine months of the year. At the port of Dublin, shipments to the traditional British partner decreased by 21%, while those to the European Union increased by 36%.

One year after the Brexit came into effect, the reorganization of trade is in the process of taking place. Previously, the British Land Bridge was used by Irish exporters …

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