Ireland will look to expand its international reach

Abstract

Subject Ireland's foreign policy. Significance As a member of the EU, Ireland will see new economic and political opportunities after Brexit. Ireland’s low corporate tax rate, its status as the only native EU English-speaking country and one of the few EU common-law countries after Brexit should make it more attractive to foreign direct investment (FDI). At the EU level, Dublin will look to play a more assertive role following the departure of one of its closest policy allies. At the same time, the Irish government is involved in a coordinated effort to enhance its post-Brexit global image with the 'Global Ireland 2025' initiative, which will involve the creation of 26 new Irish embassies or consulates around the world over the next six years. Impacts Shipping companies will look to establish new routes between Irish and EU cities to reduce transport reliance on UK ports. Greater demand for business in Ireland will hasten efforts to enhance transport infrastructure. More foreign nationals coming to live in Ireland will worsen the housing shortage, particularly in urban areas. Ireland could see an influx of low-skilled EU labour migrants following UK plans to admit EU workers who earn over 39,725 dollars. If Irish reunification occurred, it would be very difficult to reconcile the vastly different economies in northern and southern Ireland.