Brendan Howlin (Wexford, Labour) | Oireachtas source

I have a supplementary question relating to the US's inflation reduction Act which was debated at the European Council. I know that at the previous summit between France and Germany, considerable concern was raised about the impact that it potentially has for European business and European competitiveness due to the fact there is so much money to be employed in the United States to support US manufacturing. The concern is that if it is left to individual member states that obviously Germany and France have very deep pockets. I instanced where the state subsidy had been relaxed from last March and the enormous preponderance, two thirds of the state aid in the past 12 months, being deployed by those two countries. It is a distortion of the Internal Market. What is the strategy of Ireland to ensure our manufacturing and our export sector is not adversely affected by investment by states, either in the European Union itself or by the United States under the inflation reduction Act?

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