Impact of EU Policies and Funding on the Irish Economy (Leaving Cert Geography): Flashcards

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Impact of EU Policies and Funding on the Irish Economy
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Year Ireland joined the EEC

1973

Population size of EU single market

Over 400 million people

Total EU funding Ireland received since joining

Over €46 billion

GNP increase from EU funding

Approximately 4%

Key Irish exports to EU

Pharmaceuticals, ICT products, food and drink

Ireland's main EU trading partners

Germany, France, Spain, Netherlands

Key Irish imports from EU

Cars, oil, manufactured goods

What CAP stands for

Common Agricultural Policy

CAP's impact on Irish farmers

Provides direct payments and subsidies

What CFP stands for

Common Fisheries Policy

CFP's impact on Irish fishing

Must follow EU quotas on fish catches

Examples of EU regional development funds

Structural Funds and Cohesion Funds

Purpose of European Social Fund (ESF)

Education and workforce training funding

EU external trade agreements benefiting Ireland

CETA (Canada) and Japan

Irish industries collapsed due to EU free trade

Textiles, food processing

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