| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

Home 
 
 News
 Irish
 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 International
 Property
 Innovation
 
 Analysis/Comment
 
 Asia Economy

RSS FEED


How to use our RSS feed

 
Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.

Welcome

Finfacts is Ireland's leading business information site and you are in its business news section.

Links

Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Irish Economy

Global Income Per Capita

Global Cost of Living

Irish Tax - Income/Corporate

Global News

Bloomberg News

CNN Money

Cnet Tech News

Newspapers

Irish Independent

Irish Times

Irish Examiner

New York Times

Financial Times

Technology News

 

Feedback

 

Content Management by interactivetools.com.

News : Irish Economy Last Updated: Sep 28, 2010 - 4:54:38 PM


Taoiseach launches aspirational 'plan' for trade, tourism and investment; Five-year 'strategy' to generate 300,000 new jobs and boost exports from Irish firms by one third
By Michael Hennigan, Founder and Editor of Finfacts
Sep 28, 2010 - 11:50:04 AM

Email this article
 Printer friendly page
Minister for Enterprise and Innovation Batt O’Keeffe announces 50 jobs in Cork at planned mobile phone cover-maker's OtterBox's planned EMEA headquarters, Mon Sept 28, 2010. In picture, Minister O’Keeffe and Matt Clark, Managing Director OtterBox EMEA

The Taoiseach, Brian Cowen, today launched what he termed an ambitious five-year integrated Government plan for trade, tourism and investment aimed at generating 300,000 jobs and boosting exports by one third. Like many similar announcements this is aspirational.

The new plan, ‘Trading and Investing in a Smart Economy’, is said to be the first integrated strategy to promote overseas trade, tourism and investment.

The plan aims to:

  • Create over 150,000 direct new jobs in manufacturing, tourism and internationally trading services, with another 150,000 spin-off jobs;
  • Increase the value of Irish exports by indigenous agency-assisted firms by one third;
  • Increase the number of overseas visitors to Ireland to eight million;
  • and
  • Attract an extra 780 foreign investment projects through IDA Ireland.

The Government will set up a new Foreign Trade Council comprising all relevant Departments and agencies to implement the five-year plan.

The Foreign Trade Council will:

  • Devise new common ‘brand Ireland’ initiatives;
  • Exploit marketing platforms such as St Patrick’s Day and trade missions;
  • Open new markets for Irish small and medium-sized enterprises;
  • Align our visa policy with strategic business interests;
  • Maximise the effectiveness of our overseas diplomatic and agency representatives in key markets.

The overall value of agency-assisted indigenous exports last year was almost €13 billion.

The plan aims to increase that figure by €4 billion to some €17 billion by 2015.

O’Keeffe said the plan would strengthen Ireland’s trade links through a joined-up approach to targeting markets.

"While the US, UK and eurozone partners will continue to be key markets for Ireland, this plan aims to dramatically increase the number of exporting firms and diversify the destination of indigenous exports into new high-growth target markets such as Brazil, China, India, Russia, Japan and the Gulf States.

"The plan will drive productivity across a range of sectors - a key challenge of the “smart” economy,"
said Minister O’Keeffe.

Analysis: Cowen's fairytale 300,000 jobs 'plan'; No space for inconvenient truths

SEE: Finfacts report Mon. Sept 27, 2010; O’Keeffe announces another 'top-level' group to advise on retooling shambolic Irish innovation research strategy

Related Articles
Related Articles


© Copyright 2010 by Finfacts.com

Top of Page

Irish Economy
Latest Headlines
Finfacts launches new news site
Irish Farmers & Milk Prices: 'Shackles' off in April; Demanding safety-net in August
Irish pension managed funds returns at over 12% year-to-date in 2015
Irish chartered accountants' salary packages surge 13% in 12 months
Irish services PMI fastest rate since late 2006; Official data up only 2.4% in 12 months
Irish Economy: Tax €893m above target in year to July — €653m from corporation tax
Fact and Fiction: Time to review Ireland's economic statistics?
Irish M&A deals H1 2015: Dutch or UK firm acquires Irish firm for €32.6bn - they are both American
Irish manufacturing PMI strong in July
Irish Economy: Fall in GNP in Q1 2015; GDP rises
Irish Economy 2015: Central Bank lauds strong recovery; Time to start paying down debt
Irish Budget 2016: Ibec demands 20 tax cuts, spending and investment rises
Low pay in Ireland; Lowest social security & corporate taxes in Europe
Ireland vs Greece: Enda Kenny's false claims on growth, taxes and debt
Irish standard of living in 2014 below Euro Area average, Italian level; Prices 5th highest in EU28
Irish goods exports rose a record 30% in April - due to fake tax-related transactions
Mexican tall ship to sail into Dublin on June 17th
Irish industrial production up 20% in first four months of 2015; Construction down 2.6% in first quarter
Irish Economy 2015: ESRI slams return to boom-time pro-cyclical fiscal policy
Irish pension fund returns in average range 1.6% - 1.8% in May 2015
Irish service sector PMI remains strong; Tax avoidance clouds data
Ireland: Official unemployment rate at 9.8% in May; Broad rate at 19% — 440,000 people
Ireland: Fiscal Council warns of dodgy forecasts, no plan; OECD warns of new property bubble
Irish Public Finances: Tax revenue in first five months of 2015 €734m ahead of target
No simple measure of economic progress in Ireland: GDP & GNP defective
Irish manufacturing PMI rises in May; Production up unbelievable 45% in year to March!
ESRI says data volatility hinders Irish economic forecasting; Tax avoidance taboo cause
Ireland at 16 in international competitiveness ranking; US, Singapore and Hong Kong on top
Irish Economy 2015: Sectors to add 200,000 jobs?; Broad jobless rate at 19%
Irish Export Performance: Myths and reality - Ireland is a poor exporter
Irish Economy: 41,300 jobs added in 12 months to Q1 2015 - Construction up 19,600
China-Ireland: Economic relationship on a slow burn
Estonia, Austria, France, Ireland head global alcohol rankings
Irish Exchequer Returns: Tax receipts under target in April but ahead in year
Irish service sector PMI rose in April
Irish manufacturing PMI remained strong in April- includes overseas manufacturing
Irish Live Register + 90,000 activation scheme numbers at 439,000 in April
Ireland: Coalition drops 2018 full-employment target
Ireland Spring Statement: Noonan promises 200,000 net new jobs by 2018
Irish Economy 2015: Retail sales volume up 1.4% in month of March