Oireachtas Joint and Select Committees

Thursday, 9 March 2017

Joint Oireachtas Committee on Foreign Affairs and Trade, and Defence

Implications of Brexit for Irish Exports: Irish Exporters Association

9:00 am

Ms Nicola Byrne:

I will let Ms Armstrong reply first on the over-riding question. I can answer the rest then. Ms Armstrong will begin because we have surveyed the number of our members who have crossed the land bridge. We have approximately 600 members from FDI down. We focused on agriculture as part of our exports, but I qualify that by noting that agriculture represents only 2% of total exports. I record that 66% of our exports are from large, foreign-owned FDI companies, 21% from medium foreign-owned FDI companies, and 1% from small FDI companies. The balance of Irish-owned businesses comprises 4% large Irish owned, 6% medium Irish owned and only 2% Irish owned small business. As such, talking about FDI in total matters because every success to date has been to attract that FDI which caused our exports to be where they are. We have been a rip-roaring success in attracting the right business into this country. No matter which Government has been in place, they have all worked toward bringing that to bear on the market. I wanted to qualify that because while agriculture is hugely important in terms of jobs, regional balance and the North-South issue, one must focus on the fact that 66% of our exports come from large FDI companies. It is not about the beef, it is about moving all of that.

Most of those companies are now moving into high-end services. Medical can walk out with €2 billion worth of equipment in a suitcase and deliver it to the UK for high-end medical products. This is not all about shipping. We are shipping food and stock, but we have to focus on bringing in the jobs that keep those exports going. We have been very successful in doing that. What we are trying to do now in the Irish Exporters' Association is protect Irish jobs and our members so that everybody continues to export to the UK. This is a crisis. We are spending a great deal of time on the political agenda North-South. While it is ultimately important, what is funding that is trade. If we do not keep this trade rocking, there will be nothing to fund up North or South. Trade is everything. We need that trade to flow freely. The reason the Department of Foreign Affairs and Trade is very important to us is that we need it to do more of what it does best, namely, build those relationships so that we can keep the trade we have now and develop the future trade we hope to win. At that, I will let Ms Armstrong provide the figures.

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