Business Maverick: Northern Ireland Enjoys a Brexit Dividend — But for How Long?

But the arrangement proved unpalatable to Northern Ireland’s unionists and Brexiteers in the UK’s ruling Conservative Party, who object to the region’s continued place in the EU’s economic orbit.

As in much of the UK, Northern Ireland suffered from the hollowing out of industry especially after World War II, with companies including Titanic-builder Harland & Wolff unable to compete with the rise of lower-cost manufacturing bases including in Asia. A Game of Thrones fan takes a ‘selfie’ beside a plaque at Ballintoy Harbour north of Belfast. Photographer: Charles McQuillan/Getty Images Europe

Northern Ireland’s exports rose in both directions in 2021, the most recent data for which the region’s statistics body has data and the first year after the protocol took effect. The value of goods sent to the Republic of Ireland rose to £5.2 billion from £4.5 billion in 2019, while exports to Great Britain increased to £12.8 billion from £10.8 billion.the country’s imports from Northern Ireland rose 32% in 2022 from a year earlier.

Ardagh’s new $200-million plant outside Belfast is due to begin operations this year, while one of its customers, the world’s third-largest Coke bottling company Coca-Cola HBC, has also announced a £17 million investment in the local economy.Belfast’s skyline illustrates how things have changed since The Troubles. In Titanic Quarter, glass offices spring out of the old docklands.

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