CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Ireland Launches New Trade Strategy

Ireland Launches New Trade Strategy

by Jason Gorringe,, London

13 March 2017

The Irish Government is aiming to secure 900 new foreign direct investments over the period 2015-2019.

The goal forms part of the Government's new trade strategy, "Ireland Connected: Trading and Investing in a Dynamic World." According to the Government, the strategy "will deepen Ireland's economic resilience and responsiveness in the face of highly changeable global conditions by intensifying our business development activity in existing markets and diversifying into new regions."

Among the targets is an increase in indigenous exports, including food, to reach EUR26bn (USD27.4bn) by 2020. This would represent a 26 percent increase from 2015. In addition, the Government wants 80 percent of indigenous export growth over the period to 2020 to be outside of the UK market, and intends to maintain exports of at least EUR7.5bn to the UK.

The Government also hopes to boost research and development spend in Irish-owned businesses, and increase the spend in the economy from Enterprise Ireland- and IDA Ireland-supported companies.

Prime Minister Enda Kenny said: "While we are determined to preserve the gains that we have made so painstakingly over recent years, Brexit has the potential to reshape Ireland's enterprise and export strategy for decades to come. Ireland's immediate priority will be to further diversify and intensify our engagement with non-UK markets, with a particular emphasis on the Eurozone."

TAGS: investment | business | Ireland | foreign direct investment (FDI) | United Kingdom | food | trade | research and development

To see today's news, click here.

Leave a comment

Read our Posting Guidelines



Password Reminder

Please enter your email address to receive a password reminder.


Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »

Tax-News+ Updates

Receive FREE daily updates from, straight to your inbox. Register Now!

For a tailored solution, choose to receive selected news updates for your preferred jurisdictions and topics, with our enhanced Tax-News+ subscriber service. Read more...


Stay Updated

Please enter your email address to join the mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.

To manage your mailing list preferences, please click here »