UNEXPECTED HEADLINE? IRISH MILITARY GOODS EXPORTS €63 MILLION LAST YEAR

The Irish Examiner reports that according to Department of Jobs, Enterprise, and Innovation figures the value of Irish exports of equipment that can be used for both military and civilian applications more than doubled last year to almost €3.3bn, of which show exports used solely for military purposes increased by 47% to €62.8m in 2016; and the number of licences issued to suppliers of military equipment went from 81 in 2015 to 128 in 2016.  The majority of exp[orts were to the US, with sales worth €37.9m (including €29.5m for equipment used in aircraft and unmanned aerial vehicles specially designed or modified for military use).  Other destinations received far lower levels – the next being Germany (€8.7m) and Singapore (€7.7m).  The Department said the licences it granted were mostly for components rather than finished goods.  According to the article, the Department said that most of the increase was related to intra-company sales of dual-use equipment by one licence-holder.  It also says only 2 licence applications were refused in 2016 on the grounds of “consideration about the intended end-use and the risk of diversion”.

www.irishexaminer.com/ireland/irish-exports-of-items-for-military-purposes-hits-63m-464245.html

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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