Oireachtas Joint and Select Committees
Wednesday, 22 November 2023
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Ireland-Canada Trade Relations: Discussion
Dara Calleary (Mayo, Fianna Fail)
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There is absolutely a bigger interest. Post Brexit, we were hit by the pandemic, which has made some Canadian companies a little more cautious about investment. Our approach during the recent trade mission was to meet existing clients, predominantly, and to reflect on their investments. Some of them have increased employment in the context of Brexit and the expanded opportunities, and others are planning to. Current global conditions are making long-term investment decisions a little more difficult, but they are very much attracted to Ireland's offer. Going back to Deputy O'Reilly's question, they are very much attracted to the enhanced changes that we made, particularly to our research and development tax credit, in the recent budget.
Brexit is a factor but it is only a minor one.