Brexit: Taoiseach concedes EU-UK deal will have negative impact on fishing industry

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 98%

Business News News

Business Business Latest News,Business Business Headlines

Brexit: New €100m support scheme for agrifood sector is confirmed

“This €100 million support scheme will assist our food processors to diversify their product ranges and markets in order to best support their export activity and our country’s primary producers.”Mr Martin had previously said the €100 million package would aim to help the agrifood industry meet new non-tariff barriers that will now come into play following the end of the Brexit transition period at the end of the year.

Patrick Murphy, chief executive of the ISWFPO, said the European approach to fishing should now shift to so-called zonal attachment, a system allowing a greater share of fish for coastal countries in whose waters they are most often found. “The hit we are getting on mackerel is huge,” said chief executive Seán O’Donoghue. “There is nobody that can stand up and say Ireland took a proportionate hit here. Mackerel is so bad that if we don’t address it, it will have dire consequences for our industry and for Donegal.”

At a meeting of EU ambassadors in Brussels on Monday, the 27 member states gave their support for the 1,246-page treaty to be “provisionally applied” at the end of the year. Mr Varadkar told RTÉ’s Morning Ireland that while there would be disruptions, the situation could have been worse.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Where is all the money coming from or more importantly who is going to pay it back ? 😕

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in BUSİNESS

Business Business Latest News, Business Business Headlines