Oxford Economics Issued Trade Report for Ireland
A new report identifies 15 strategies to expand cross-border services trade by more than £3.5 billion.
Updated on Oct. 1, 2026 in International Trade
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Oxford Economics has released a commissioned report detailing how businesses and policymakers can unlock over £3.5 billion in additional services trade between Northern Ireland and the Republic of Ireland. The study addresses complex regulatory hurdles that currently hinder small and medium-sized enterprises.
Why it matters
The report highlights that services trade currently makes up 25% of cross-border commerce, but growth is stagnated by a complex regulatory landscape. Addressing these barriers is considered essential to capturing significant unrealized economic potential.
The report identifies a potential expansion of services trade valued at over £3.5 billion. Services currently account for 25% of the total cross-border trade between the two jurisdictions.
The players
Oxford Economics
This global advisory firm provides economic forecasting and analysis to help businesses and governments make informed decisions.
InterTrade Ireland
This cross-border trade and business development body supports SMEs in identifying and developing all-island market opportunities.
The details
The report provides 15 specific recommendations aimed at improving the evidence base and increasing the visibility of procurement opportunities for businesses. These measures are designed to help firms navigate the regulatory requirements that have complicated trade over the past decade.
Timeline
Over the past decade, services trade between Ireland and Northern Ireland has expanded.
Market Dynamics
The report's analysis of cross-border regulatory barriers provides a practical framework for addressing the ongoing challenges created by the region's unique post-Brexit trade status. This effort seeks to modernize trade flows between Northern Ireland and the Republic of Ireland against the regulatory requirements established by the Windsor Framework.
Businesses operating across the border may see improved clarity regarding procurement and regulatory compliance if the 15 recommendations are adopted. For investors, this represents a potential easing of friction costs that could improve margins for firms reliant on cross-border services.
The takeaway
Simplifying regulatory requirements can act as a catalyst for significant regional growth. Firms should monitor upcoming policy discussions to see if these recommendations translate into concrete operational changes.
Further reading
For broader insight into global commerce shifts, explore the latest trends in International Trade.
Live Poll
Do you believe increasing cross-border trade opportunities in your area will improve the local economy?
