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Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Industrial Development (23 May 2024)

Peter Burke: I thank Deputy Durkan for his very important question. Ireland is recognised as one of the most competitive economies in the world and performs well in international rankings of competitiveness. In June 2023, Ireland was ranked as the second most competitive country in the world in the IMD world competitiveness rankings. The 2024 iteration of these rankings is due to be published in the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Industrial Development (23 May 2024)

Bernard Durkan: I thank the Minister for his comprehensive reply. In passing, I congratulate him and his colleagues on their elevation or their retention of their very important positions. The points the Minister has raised in regard to the contributory factors that might challenge the competitiveness of trade and industry are the issues I would like to concentrate on. All sectors of industry know the...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Industrial Development (23 May 2024)

Bernard Durkan: With regard to the climate issues that the Minister raised, it is important that we retain our competitiveness in that area and do not become a world leader and, as a result, have to pay higher costs than many of our competitors. This is a very competitive market. We must try to maintain capacity. Any diminution at all will very quickly accelerate, with obvious consequences for employers...

Ceisteanna ar Sonraíodh Uain Dóibh - Priority Questions: Industrial Development (23 May 2024)

Peter Burke: They are valid points. The Deputy raised the issue of climate. It is critical that we remain competitive. When we see a company like Diageo, the home of the black stuff, spending €100 million to decarbonise its processes over the next five or six years, when we have world leaders like that based here in Ireland and leading by example, it shows the change that is under way. We have...

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