Seanad debates
Thursday, 6 November 2003
European Communities (Amendment) Bill 2003: Second Stage.
At present, only between 3% and 4% of what this country produces is exported to the candidate countries. The potential for two way trade and, as a result, improved employment prospects is significant. Irish trade with these countries has already grown six fold since 1993. Irish exports to these countries are worth over €1 billion and imports over €600 million, with the trade balance in our favour. It is clear there is great potential for trade as these countries import 40% more than they export. Exports from the EU to the candidate countries in recent years have increased five times more than vice versa.
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