Brexit Red Tape Will Shrink Irish-U.K. Trade, Central Bank Says

Irish-U.K. trade could shrink by almost 10 percent because of extra bureaucracy demanded by Brexit, Ireland’s central bank said in a study.

Barriers including longer waits at border crossings would cut total Irish exports by 1.4 percent and trigger a 3.2 percent drop in imports, the central bank said in a research paper published Thursday. Total trade between the two countries could dip 9.6 percent.