29th March 2010 |
Research and Analysis
Overcoming the current economic challenges that Ireland faces will require a concerted effort to achieve higher levels of productivity and support export-led growth. Regulatory requirements and associated administrative costs that create an unnecessary burden on Irish business will only serve to further reduce our productivity and competitiveness levels.
One approach to addressing the administrative burden in firms as considered by some countries is the introduction of a "Single Window" system. In this Report, Forfás investigates the requirement for the introduction of a Single Window system in Ireland by estimating the costs it may address and help to reduce for business. It estimates that economy wide costs of compliance with trade-related regulatory burdens vary between €11 million and €21 million per annum.
Published by
Topics:
Trade and Investment, Supports for SMEs, The Business Environment