Oireachtas Joint and Select Committees

Tuesday, 4 November 2025

Joint Oireachtas Committee on Foreign Affairs and Trade

Transatlantic Trade Relations: American Chamber of Commerce Ireland

2:00 am

Mr. Paul Sweetman:

With regard to where we want to win and maintain investment, what we are hearing from companies is that it is national issues, not international issues, that will determine whether Ireland wins or loses investment. It is important to emphasise that because when the dust settles with regard to geopolitics, tariffs, etc., it will come down to how competitive a country is at winning investment, be the pile larger or smaller. I must also emphasise that the survey of our members that we referred to was conducted before our Independence Day launch on 4 July of this year. It does reflect, however, that tariffs are the third highest risk to continued investment here, but above those are things like public infrastructure and housing. Significantly, people may assume tariffs are at number one, but they are actually at number three.

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