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

Size of EU's single market

Over 400 million people

Key Irish exports to EU

Pharmaceuticals, ICT products, food & drink

Ireland's main EU trading partners

Germany, France, Spain, Netherlands

EU external trade agreement examples

Canada (CETA) and Japan

CAP objective

Support farmers and ensure food security

CAP impact on Irish farmers

Direct payments and subsidies

CFP objective

Manage fish stocks sustainably

CFP impact on Irish fishing fleets

Must follow EU quotas on catches

Regional development fund examples

Structural Funds and Cohesion Funds

EU social funding example for Ireland

European Social Fund (ESF)

Total EU funding Ireland received

Over €46 billion

EU funding impact on Ireland's GNP

Raised by approximately 4%

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