Oireachtas Joint and Select Committees
Wednesday, 6 May 2015
Joint Oireachtas Committee on Foreign Affairs and Trade
Developing Growth Markets: IDA Ireland
10:00 am
Michael Mullins (Fine Gael) | Oireachtas source
It is difficult to come up with a question after the previous speakers' contributions. I join other members in the words of welcome to our visitors and compliment the IDA on the outstanding work it has done for Ireland since its establishment. Given the potential for securing business in the growth markets, is the IDA sufficiently resourced to maximise the impact in these regions?
Ms Sharpe says approximately 9,500 people are employed here in companies attracted from growth markets. What targets have been set to grow this number in the next five years?
Deputy Eric Byrne referred to business practices. There are significant human rights issues in many countries in growth markets and there are companies the practices of which might be much less than we would expect and see in this country. How are discussions on human rights issues initiated when negotiating with companies and discussing opportunities here?
The issue of direct flights to Asia was mentioned. How major an impact, in projected business terms, would direct flights have on the number of additional companies IDA Ireland could attract? What advice would IDA Ireland give to Irish companies and entrepreneurs considering expanding into these areas?
The issue of education and languages has been mentioned. Does Ms Sharpe believe we are taking it seriously enough as we look at how we might grow particular markets? Given the huge opportunity, our third level institutions need to focus much more seriously on this area.
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