Ireland and the EU (Junior Cert Business Studies): Flashcards

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Ireland and the EU
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Year Ireland joined the EU

1973

Approx. number of consumers in EU single market

500 million

Free trade benefit within EU

No tariffs or trade barriers between member states

What is protectionism?

Imposing tariffs on imports to protect EU industries

EU funding Ireland received (1973-2008)

€17 billion

EU public procurement contract threshold

Over €50,000

Example company that came to Ireland for EU market access

Intel

Free movement of labour benefit

Workers from other EU countries can work in Ireland, fills skills gaps

Competition challenge from EU membership

Irish firms face stronger competition from other EU states

Impact of EU protectionism on Irish consumers

Higher prices for some products

CAP stands for

Common Agricultural Policy

Brain drain meaning

Skilled workers moving to other countries for better jobs

European Social Charter purpose

Sets out social & economic human rights for EU citizens

Freedom of movement benefit for Irish citizens

Can live & work in any EU member state

EU PEACE programmes investment since 1995

Over €3 billion

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