Ken O'Flynn (Cork North-Central, Independent Ireland Party)
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244. To ask the Minister for Enterprise, Trade and Employment given the Irish Times’ assertion that Ireland remains structurally exposed to the risks of de-globalisation and weakening export-momentum, if he could set out the contingency scenario-planning that has been undertaken for Ireland’s FDI/export model; the role regional centres such as Cork play in diversification plans; and how the Government proposes to monitor and mitigate knock-on risks from UK/EU regulatory-trust issues, including the Windsor Framework, for Irish trade corridors. [62499/25]

Peter Burke (Longford-Westmeath, Fine Gael)
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The Government is acutely aware of the risks Ireland faces in the context of global economic shifts, including the risks posed by de-globalisation and a potential slowdown in export momentum.

The Government Action Plan on Market Diversification sets out a path to support Ireland’s businesses – large and small – to adapt to the global trading environment by striking out into new and diverse markets while deepening their engagement in existing markets and expanding where possible and opportunities exist. As a global and open trading economy deeply connected into international supply chains, the Action Plan also serves to mitigate the current risks and bolster our economic resilience.

The Department of Enterprise, Tourism and Employment, in collaboration with IDA Ireland and Enterprise Ireland, has undertaken scenario planning to assess and prepare for a range of global economic developments. This includes stress-testing Ireland’s FDI model against potential disruptions in global supply chains, changes in international tax regimes, and geopolitical tensions. The focus is on enhancing resilience through diversification of markets, sectors, and investment sources.

Regional development is central to our economic strategy. Centres such as Cork play a vital role in supporting balanced growth and reducing over-reliance on the Greater Dublin Area. Cork’s strong life sciences, tech, and maritime sectors are key to our diversification efforts. IDA Ireland continues to promote regional investment, with tailored strategies to attract high-value FDI to Cork and other regional hubs.

The Government closely monitors developments related to UK/EU regulatory alignment, including the implementation of the Windsor Framework. A dedicated interdepartmental group assesses potential impacts on Irish trade corridors, particularly those involving Northern Ireland and Great Britain. We are working to ensure that regulatory divergence does not undermine trust or disrupt trade flows. Engagement with EU partners and UK authorities remains ongoing to safeguard Ireland’s interests.

In summary, while Ireland remains exposed to global economic shifts, proactive planning, regional investment, and diplomatic engagement are central to our mitigation strategy.