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Trade Strategy Review to be discussed at Export Trade Council

Trade, Tánaiste Eamon Gilmore, Press Releases, Ireland, 2013

The Tánaiste and Minister for Foreign Affairs and Trade, Eamon Gilmore, T.D., will deliver a progress report on the ongoing review of Ireland’s Trade, Tourism and Investment Strategy, at a meeting of the Export Trade Council (ETC) later today.

The Tánaiste will be joined at the Department of Foreign Affairs and Trade by other members of the Council, including relevant Government Ministers, CEOs of the State Agencies who are involved in promoting trade, tourism and investment abroad, and representatives from the private sector, including IBEC and the Irish Exporters Association, for the bi-annual meeting of the Council.

Speaking ahead of the ETC meeting, the Tánaiste said:

“Our global trade and investment links are driving Ireland’s nascent economic recovery. Despite the significant international market challenges that we have faced in recent years, we have achieved strong export growth, with total exports now at a historic high of €182 billion in 2012 – some 16 per cent higher than their pre-crisis levels in 2007.

Crucially, this growth is also driving job creation.  We are now creating over 3,000 jobs per month, and the live register has fallen below 400,000 for the first time since 2009.”

This is the fifth meeting of the ETC which is chaired by the Tánaiste and was established following the formation of the Government in 2011 to strengthen cooperation and coordination across all Government Departments and State Agencies involved in the promotion and development of trade, tourism and investment.

Referring to the review of the Trade Strategy, which is due for completion by the end of 2013, the Tánaiste said:

My Department, in conjunction with the agencies and other relevant government departments, is currently leading a short, focussed review of our existing Trade Strategy to reassess our approach to the sectors, markets and targets which were identified when the Strategy was drawn up in 2010. 

The aim is make sure the resources of the State continue to adapt to Ireland’s evolving trading environment in order to yield maximum benefit for the economy. This is even more important now as we prepare to exit the bailout at the end of this year.”

The review of the Trade Strategy is being conducted in close collaboration with the Department of Jobs, Enterprise and Innovation and other relevant Government Departments and State Agencies involved in the promotion of trade, tourism and investment.