Oireachtas Joint and Select Committees

Thursday, 19 September 2013

Public Accounts Committee

Annual Report and Accounts 2012: Discussion with IDA Ireland

12:00 pm

Photo of Áine CollinsÁine Collins (Cork North West, Fine Gael) | Oireachtas source

We have spoken about some of the emerging markets such as India. Indonesia has 250 million people and a growing market, but we do not have a footprint there at the moment as it is being worked out of Australia. The World Bank has spoken about developing countries in Africa and so on, and again we do not have any footprints down there. I appreciate there are issues with resources, but does Mr. O'Leary think it might be worth considering a joint venture with Enterprise Ireland down there, even though it might be at an early stage of development. These conversions can take some time, so if we had some footprint down there we would at least be looking at it. We often talk about our fantastic relationship with America and much of that is down to our own diaspora, but 40% of Australia is of Irish descent and I am sure there is a huge possibility for growth there as well. What are Mr. O'Leary's thoughts on that?

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