Min Flanagan chairs 9th meeting of Export Trade Council6/10/15
Minister Flanagan brings together five Cabinet Ministers, five State Agencies & the private sector for the ninth meeting of the Export Trade Council
Agenda includes: International Financial Services Strategy; Trade, Tourism and Investment Strategy, 2010-2015; and the manufacturing sector
The Minister for Foreign Affairs and Trade, Mr. Charlie Flanagan T.D., will chair the ninth meeting of the Export Trade Council (ETC) this afternoon (Tuesday 6 October) in Iveagh House.
Speaking in advance of the meeting, Minister Flanagan stated:
“Our economic growth is expected to exceed 6% this year – the highest of the 34 countries in the OECD. Strong exports are crucial to this growth – in Q2 of 2015, exports were up 13.6% in year-on-year terms. Our trade surplus is now at near historic highs. The Export Trade Council provides an important strategic overview of our approach to trade, tourism and inward investment.
“Minister of State Sherlock and I look forward to welcoming Ministers Bruton, Coveney, Donohoe, and O’Sullivan to the Department of Foreign Affairs and Trade today [Tuesday], along with our State Agencies, IBEC, the Irish Exporters Association and private sector representatives with expertise in specific sectoral areas.
“The first item on our agenda is the new International Financial Services Strategy, ‘IFS2020’. The International Financial Services sector employs over 35,000 people across Ireland, and IFS2020 is taking a whole-of-Government approach to drive further growth for Ireland as a location for specialist international financial services.
“My Department and its 80-strong Embassy network are playing a key role in identifying and acting on opportunities to promote our strengths in this sector overseas.
The ETC will also review the implementation of the Government Trade, Tourism and Investment Strategy.
“The meeting is also an important opportunity to assess the highly successful implementation of the Government Trade, Tourism and Investment Strategy, 2010-2015.
“We will also look ahead to new initiatives being brought forward by Government Departments and the State agencies to further promote Ireland’s trade, tourism, investment and education overseas in the years to come.
“This week the Start-up Gathering 2015 is taking place around the country. Our future indigenous export performance depends in large measure on how these new entrepreneurs get off the ground and set their sights on the vast potential of overseas markets.
“Our State Agencies, Departments and network of Embassies around the world are actively assisting Irish entrepreneurs and stand ready to work with the new generation. How we do that, and do it better, is a core mandate of the Export Trade Council.”
The ETC is also expected to discuss the manufacturing industry in Ireland in addition to a review of the programme of overseas Ministerial-led trade missions and events so far this year.
6 October 2015
Note for Editors:
The Export Trade Council (ETC), which is chaired by the Minister for Foreign Affairs and Trade, Mr. Charlie Flanagan, T.D, was established in 2011 in order to strengthen cooperation and coordination across all Government Departments and State agencies involved in the promotion of trade, tourism and inward investment.
It brings together senior Ministers with an economic focus. The heads of the State agencies that work closely with the Department of Foreign Affairs and Trade and the Embassy network in promoting trade, tourism, investment and education are also represented on the Council: Enterprise Ireland, IDA Ireland, Bord Bia, Tourism Ireland and Science Foundation Ireland.
Members are also drawn from the private sector, including IBEC, the Irish Exporters Association and a number of business people with expertise in specific sectoral areas.
The ETC oversees the implementation of the Government Trade, Tourism and Investment Strategy, ‘Trading and Investment in a Smart Economy’, which was published in 2010. The Strategy sets out targets for trade, tourism and investment to be met by the end of 2015, as well as a programme of actions conducive to achieving these targets.
The current members of the Council include: Minister for Foreign Affairs and Trade, Mr.Charlie Flanagan T.D., Minister for Jobs, Enterprise and Innovation, Mr. Richard Bruton, T.D., Minister for Agriculture, Food, the Marine and Defence, Mr. Simon Coveney, T.D., Minister for Transport, Tourism and Sport, Mr. Paschal Donohoe, T.D., Minister for Education and Skills, Ms. Jan O’Sullivan, T.D., and Minister of State for Development, Trade Promotion, and North-South Cooperation, Mr.Seán Sherlock, T.D.