Dáil debates

Wednesday, 1 February 2017

Ceisteanna - Questions

World Economic Forum

1:15 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

I propose to take Questions Nos. 2 to 8, inclusive, together.

I was invited by Professor Klaus Schwab to attend the annual meeting of the World Economic Forum and I was in Davos from 18 to 20 January. The Minister for Finance, Deputy Noonan, also attended. The theme of this year's meeting was Responsive and Responsible Leadership.

The Minister, Deputy Noonan, and I used our time in Davos to promote Ireland as a location for international business and investment in the context of Brexit and other current global developments.

My programme included bilateral meetings with a number of companies that are potential investors in Ireland as well as with existing investors here. At these meetings, I emphasised that Ireland retains all the advantages that make it an attractive and stable location for investment and that we will remain a committed member of the European Union.

I also had the opportunity on Thursday to outline Ireland's priorities in Brexit negotiations and our preparations in advance of negotiations at one of the World Economic Forum's formal programme events, under the informal gathering of world economic leaders programme. This event was attended by over 15 Heads of State or Government and approximately 60 other attendees.

I briefly met the British Prime Minister, Mrs. May, in the margins of the forum. I also met Jamie Drummond, executive director of the ONE organisation. We discussed a number of international development matters and the work of the organisation.

As in previous years, I hosted an IDA Ireland dinner as part of my Davos programme. This was attended at the highest levels from existing and prospective FDI clients from some of the world's largest multinational corporations. There were 22 companies and approximately 40 senior executives represented this year. Those with existing operations in Ireland employ over 20,000 here. I again used the opportunity to outline Ireland's Brexit programme and to emphasise the strengths that underpin our success in attracting foreign direct investment.

I acknowledged the vital contribution that many of the companies represented had made to Ireland and to our economy. I urged those who were looking at potential locations for investment or expansion to consider our country.

I attended various media engagements, including interviews with Irish and international media.

As is the case for all my travel, my officials ensured costs were minimised and the best value for money pursued. The final cost of the trip is not yet available. I am satisfied that the costs of the trip to Davos are justified given the value of the opportunity to engage with so many key decision-makers, as well as supporting IDA Ireland in its role in promoting Ireland as a location for investment.

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