Simon Coveney (Cork South Central, Fine Gael) | Oireachtas source

Foreign direct investment has deeply embedded Ireland in global value supply chains and, in turn, supported Irish companies to access value chains driving productivity and innovation growth. The current geopolitical environment, coupled with the impact of Covid and the twin green and digital transitions, has placed increased focus on future global value supply chains. In this context, therefore, it is important to consider the associated risks and opportunities for Ireland. As I mentioned in my response earlier, the Government's latest trade and investment strategy has a strong focus on supply chain preparedness and risk. The establishment of an expert group on global value chains and supply chains will be an important step to move the plan forward. What the Deputy says is true. We are seeing a fundamental rethink in much global trade. The contribution of the Covid experience, whereby many companies found they simply could no longer rely on global supply chains, and war in Ukraine and countries linked to it reinforces this. This will focus a rethink of the globalised economy in this regard.

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