Richard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

As I stated when IDA Ireland launched its annual report, Mr. O'Leary's leadership of the organisation has been exceptional. He leaves behind a fantastic legacy of achievement and an organisation that is both professional and extremely strong. I recently appointed a new chairman of IDA Ireland and the process to recruit a replacement for Mr. O'Leary is getting under way.

I agree with the Deputy in that 90% of growth in trade will occur outside the European Union. That is the new reality. Much of this growth will occur in emerging markets. It is clear that we must build on the target for 2014 which I am sure IDA Ireland will be successful in delivering on. There is only one way in which the target can go, that is, upwards. Obviously, however, we must also ensure we match our resources with the opportunities that arise, both in the short and long term. That is the balance which must always be struck.

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