Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

My contention is that the Minister did sleepwalk into it and has said there will be no knock-on effects. If this continues for three to five years, and one is in the inward investment business in, say, Singapore or Scotland, after September, of course they will be hawking around to potential clients who may be looking at Ireland or elsewhere outside the EU and spinning that this process will affect their ability to invest in Ireland and affect Ireland's ability to attract these companies. Our hands will be constrained in respect of attracting inward investment if this continues for five years. I know these are the European rules but if this is a European Union that says it is pro-enterprise and allows an investigation into one company, as specified, to potentially last that long, that is not pro-enterprise. For as long as this is happening, our ability to attract inward investment will be constrained. It may not be done formally. The Minister knows that the informal way of doing this is that international investment companies will seek to attract investment into their countries while undermining our ability to do that as long as this is going on.

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