Cork’s history of trade with Europe ‘cushions’ region from worst of Brexit effects

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Cork’s history of trade with Europe ‘cushions’ region from worst of Brexit effects via IrishTimesBiz

Cork, as the EU’s second-largest English-speaking city, has the potential to become an attractive location for international students who, but for Brexit, might otherwise have chosen Britain for their studies, the report found. File photograph: PACork’s long history of trade with Europe has helped cushion the region from the worst effects of Brexit in several key sectors including pharmaceuticals, food and drink and agriculture, a new study has found.

Report editor Mary C Murphy, UCC Jean Monnet Chair in European Integration, said the report found the sectors in the region which bore the brunt of the Brexit fallout included agriculture, finance, and industry which all suffered to varying degrees. The report, which will be launched on Friday at UCC by Taoiseach Micheál Martin, noted that while clusters in some of these sectors had been resilient in meeting the challenge of Brexit, others such as tourism have been more exposed

However, the Cork region was comparatively less affected by shifting tourist numbers than other parts of Ireland, the report found. It said an important component of Cork city’s attractiveness to tourists was its reputation as one of Ireland’s leading arts and culture hot spots.

 

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