Mr. Fergal O'Brien:

As trade in goods is so small, I do not see that being a material issue. There still is a concern as to what the reporting obligations would be for companies, from the anti-boycott legislation perspective in the US, for operating in a country even if there is a ban on goods. That remains to be determined. It is going to take legal expertise to work through that. The reputational costs are an issue that is now being discussed and debated in the media in the US. There are potentially misconceptions as to what the legislation will or will not do. Ireland is seen, from a reputational perspective, as taking an isolationist approach and operating outside of the competence of the European Union in relation to trade issues. We are the country that is by a distance more interlinked with the US in terms of economic relationships than other European country. With the companies I work with, they are being asked a lot of questions by their customers and within their corporate structures as to what Ireland is doing here, what it is seeking to achieve and why it is taking an approach that is perceived in many cases as being anti-Israeli.