Oireachtas Joint and Select Committees

Wednesday, 22 November 2023

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Ireland-Canada Trade Relations: Discussion

Photo of Louise O'ReillyLouise O'Reilly (Dublin Fingal, Sinn Fein)
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Absolutely, and we are very much looking forward to that. My question related to where there is scope for growth. Most of my questions will relate to that, jut to try to get a handle on it.

The Minister of State referenced our being heavily dependent on US companies in the context of trade and FDI and that there is significant potential for increase in the trade between Ireland and Canada. There is definitely scope there, but with respect to FDI from Canada, what are the Government's plans to continue to attract that investment into the future? I talked to a number of multinational companies recently. The landscape is changing, as the Minister of State knows. The 15% corporation tax rate is a factor. Companies are now looking for what we might call different incentives. What supports and incentives are going to be put in place or enhanced and expanded to underpin the strategy and continue to attract FDI?