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Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: That is comprehensive. On the next steps on ISDS, I believe the schedule is that the Commission will publish proposals on the ISDS in September for the member states to agree. It would only be after that when an exchange would occur with the US. There has been no exchange at this stage with the US. The red-line issues have been published. The Canadian agreement has that general approach....

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: The evidence, in so far as we have it, does not bear out what the Deputy says. It does not fall on consumers. Consumers are among the beneficiaries because the agreement will result in lower prices. If tariffs and non-tariff barriers are taken out, there will be lower prices on both sides because they both are forms of increasing prices and, therefore, consumers will benefit. With...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: I have dealt with the public service, it is not on the agenda. It is excluded from the mandate and the negotiators do not intend to open it up. That is as categorical as we can get. We spend most of our time planning how we will deal with potential displacement. Some 5% of jobs created by Enterprise Ireland and IDA are displaced every year. Many of the Enterprise Ireland programmes...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: In reply to Deputy Ó Cuív's points, the expectation is that a framework could be agreed by the end of the year but the negotiations would continue. When this process started Mike Forman talked about it being done on a single tank of gas. That hope has not been realised. If the US Congress grants this negotiation mandate that President Obama is seeking - it is through the Senate...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: Obviously that has to be negotiated. The assumption that was used by the Copenhagen report was 75,000 tonnes above the existing quota.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: It is 500,000 tonnes.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: We are looking for opportunities to trade as well. It is a two-way process. There will be quotas in both directions. Like any other trading, there are opportunities also.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: I am not an expert in that area, but I understand the US herd is in somewhat of a retreat, so there is reasonable optimism in regard to US prices remaining high.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: The first question was whether barriers can be circumvented by other measures. Clearly, that is what the idea of regulatory co-operation is about, if there are other measures. I think we would all insist that Governments should have the freedom to introduce regulations in the interests of public safety or that they can introduce them but there would be some sharing of that information....

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: The issue of carbon rules and what responsibilities different countries take on in containing climate change and carbon build-up in the atmosphere will not be discussed in the negotiations. That is an issue for discussion at the United Nations, not the in negotiations on the trade agreement. An international player could only use an ISDS in the limited circumstances I outlined, as per...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: To go back to Deputy Lyons' question, quite a degree of attention has been paid to this issue. Our own study suggests that there would be positive spill-over effects on third countries. The Commission has examined that and believes that overall it will have positive gains in increased demand for raw materials, components and machinery. The impact on third countries that has come out of all...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: Deputy Tony Lawlor asked about shelf companies. They are explicitly excluded from the ISDS provisions. Deputy Lawlor referred more to rules of origin. There are explicit requirements to establish rules of origin. These are in place to protect against what he was referring to. They have to be policed and that is a challenge. Reference was made to Europe and red tape. I believe it...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: I will have to investigate the details of that issue, as I do not have an answer for the Deputy. Generally speaking, Europe is very cautious. The policy of the European Union is to maintain very high standards, but obviously if new evidence emerges, standards can change. Europe must be open to that. Certainly it is very clear that a trade agreement of this nature is not...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: I wish to clarify that cloning failed because of the disagreement between the European Parliament and the Council. It was not an international disagreement.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Transatlantic Trade and Investment Partnership: Discussion (23 Jun 2015)

Richard Bruton: The Deputy will have to table a parliamentary question because I-----

Written Answers — Department of Jobs, Enterprise and Innovation: Departmental Records (24 Jun 2015)

Richard Bruton: In line with good email management practice, my Department deploys systems for filtering or quarantining spam emails and emails with potentially malicious or inappropriate content. For emails which pass through these filters, my Department does not use any system software which globally auto-deletes email messages. The email system in use in my Department, like most modern email systems,...

Written Answers — Department of Jobs, Enterprise and Innovation: Trade Data (24 Jun 2015)

Richard Bruton: Details of Exports and Imports as requested by the Deputy are set out hereunder. There is little trade between the two countries and Enterprise Ireland is not engaged in trade promotion activity in Turkmenistan. Exports 2010 (€,000) Exports 2011 (€,000) Exports 2012 (€,000) Exports 2013 (€,000) Exports 2014 (€,000) 433 3,888 1,034 1,198 2,555...

Written Answers — Department of Jobs, Enterprise and Innovation: Company Law (24 Jun 2015)

Richard Bruton: I propose to take Questions Nos. 144 and 148 together. The duties and responsibilities of directors are set out in Parts 4 and 5 of the Companies Act 2014. As provisional liquidators have been appointed by the High Court to one of the companies referred to by the Deputy, and they operate under the jurisdiction of the Court, it would not be appropriate for me to comment on the matters...

Written Answers — Department of Jobs, Enterprise and Innovation: Company Law Review Group (24 Jun 2015)

Richard Bruton: The Company Law Review Group (CLRG) has met in plenary session on the following dates between March 2011 and to date in 2015: 2011 2012 2013 2014 2015 Mar-Dec Jan-Dec Jan-Dec Jan-Dec Jan-Dec 30th June 31st January 30th January 28th January 12th February 11th October 27th March 13th September 29th September 3rd May 24th November 27th September In addition, the CLRG has advanced...

Written Answers — Department of Jobs, Enterprise and Innovation: Trade Agreements (24 Jun 2015)

Richard Bruton: According to assessments made by the EU Commission, a comprehensive EU/US Free Trade agreement (TTIP) could over time boost EU GDP by 0.5% per annum bringing significant economic gains as a whole for the EU. This converts into 400,000 jobs across the EU. A study commissioned by my Department estimates that these benefits in Ireland will be proportionally greater than in the EU as a whole....

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