Written answers

Wednesday, 18 October 2006

Department of Finance

Export Performance

9:00 pm

Photo of John DeasyJohn Deasy (Waterford, Fine Gael)
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Question 93: To ask the Minister for Finance his views on the medium term implication of Ireland's export performance; and if he will make a statement on the matter. [33221/06]

Photo of Brian CowenBrian Cowen (Laois-Offaly, Fianna Fail)
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Provisional data for the first half of 2006 show that the volume of exports in goods and services increased by almost 6% on an annual basis in that period. This compares with an annual increase of 3.9% for 2005 as a whole.

In the medium term, the outlook for Irish export performance remains broadly positive. Our existing strong export base, particularly in pharmaceuticals, food, medical devices, software and financial services, allied with our pro-business environment and skilled workforce, are factors which provide good grounds to expect a continued solid export performance from the Irish economy over the medium term. However, it is important that we remain focussed on improving our competitiveness, which has been declining in recent years.

To ensure that our export sector remains strong, the Government is adhering to prudent fiscal and expenditure policies as well as investing in infrastructure, education and skills development. We are undertaking reform of the public sector and are improving the delivery and efficiency of public services.

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