Brexit: Potential Transitional Arrangements

In this IIEA Policy Brief, Con Lucey writes that a transitional arrangement in the context of the UK leaving the EU offers a number of potential advantages. Such a deal would provide stability during the likely gap between the UK’s withdrawal from the EU in late March 2019 and the completion of negotiations on new arrangements between the UK and the EU; help to mitigate the effects of the sudden imposition of tariffs on trade between the UK and the EU; and provide Irish business with time to adjust to new markets, and to find new supply sources.

Con Lucey was Chief Economist of the Irish Farmers Association from 1979 to 2008, where he was involved in providing information and analysis on farm production economics, national economic policy and EU policy. He represented the IFA on the National Economic and Social Council and served as the organisation’s liaison officer with Government on Social Partnership. He is a former Council member of the IIEA, and is a member of the IIEA’s UK Project Group, which examines the relationship between the UK and EU, and its implications for Ireland.