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Brexit, Cork and Amsterdam sign agreement

Cork - Port of Cork and Port of Amsterdam International have signed a collaboration agreement in Cork. Both ports will research in what areas they can strengthen and support each other

Cork - Port of Cork and Port of Amsterdam International have signed a collaboration agreement in Cork. Both ports will research in what areas they can strengthen and support each other.

Themes under consideration are port development, stakeholder management, cruise development, ports logistics and mitigation of the impact of Brexit, which is expected to have a significant impact on Ireland.

Even though it is as of yet not clear which Brexit scenario will come to fruition, the expectation is that the logistics of trade through the United Kingdom will be more expensive and complex. This makes direct (shipping) connections to the European mainland more viable. The expectation is therefore that this will be accompanied by a shift from use of the land bridge to use of direct shipping connections with the Netherlands.

Ireland is an important trading partner for the Netherlands. In 2017, the country exported over 5.5 billion euros of goods to the Netherlands. This makes the Netherlands the sixth biggest export destination for Irish goods. In the same year, Ireland imported over 3.5 billion euros worth of goods from the Netherlands. This chiefly consisted of pharmaceuticals, machines, and transport equipment.

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