A transatlantic trade deal between the European Union and the US could boost Irish GDP by 1.1 per cent and create up to 10,000 jobs in the export sector, according to a new report.
The report, by Copenhagen Economics on behalf of the government, found that sectors such as pharmaceuticals and chemicals, electrical machinery, agri-food especially dairy and processed food, and insurance, could be expected to gain from such an agreement.
But a Tranatlantic Trade and Investment Partnership, known as TTIP, could have negative consequences for the beef sector and possibly for the services sector.
The report also claims that real wages could improve by 1.5 per cent on average across all skill groups as a result of a deal with wages in low-skill groups rising by 1.9 per cent.
