2017 THE YEAR OF BREXIT

MAY NOT BE GOOD NEWS FOR IRELAND

BREXIT

20 JANUARY 2017

FROM ENDA KENNY

Here at the World Economic Forum in Davos, Switzerland over the past couple of days, I have welcomed the opportunity to engage with many world and business leaders in terms of our country’s unique host of strengths as a place in which to invest and our plans for the future in the wake of Brexit.
An IDA event I went to last night was attended by representatives of various companies, which currently invest in Ireland, as well as some who do not. My message to them all was clear – this country remains an attractive and stable location for investment and will continue to do so following Britain’s exit from the European Union.
Over the past couple of days here I have been stressing the Government’s commitment to prioritise competitiveness and protect and promote the strengths that underpin our success in attracting foreign direct investment, namely our highly skilled workforce, competitive tax offering and our strong focus on innovation.
Brexit has naturally been a priority in terms of discussions at this year’s World Economic Forum and I have been keen to emphasise our plans for Ireland to offer multinational companies a unique gateway into the European Union and its single market following the UK’s withdrawal.
Brexit and its implications was also something I discussed at length during my meeting with Spanish Prime Minister Marano Rajoy in Madrid last week. In particular I welcome recognition from the Prime Minister of the unique circumstances and issues for Ireland including Northern Ireland in the context of this issue.
In Madrid, I was also invited to visit the spectacular new Primark flagship store on the city’s Calla Gran Via which opened in 2015 and has enjoyed huge success. Run from the Dublin Headquarters, this success builds further on the huge achievements made to date globally by Primark which I know are only set to grow further.
Yours sincerely,
Enda Kenny TD
Taoiseach