Irish Prime Minister Enda Kenny said on Wednesday Brexit will reshape the country’s enterprise and export strategy for decades to come.

exports
exports
“Brexit, the most immediate and significant of the risks we are facing, poses unprecedented political, economic and diplomatic challenges for Ireland,” Kenny said at the launch of the country’s new Trade and Investment Strategy.

“Ireland’s immediate priority will be to further diversify and intensify our engagement with non-UK markets, with a particular emphasis on the Eurozone,” he said.

According to Kenny, Ireland by 2020 will intensify and diversify 80 percent of indigenous export growth to be outside of the British market and maintain exports of at least 7.5 billion euros (7.9 billion U.S. dollars) to Britain.

“By working together we are confident that with the right policies and cross-government commitment we will continue to attract foreign direct investment, overseas visitors and international students, and to help Irish businesses reach into new markets,” he said.

On the publication of this new strategy, Kenny said this strategy comes at a very important juncture for Ireland.

He said the decade ahead will be characterized by “emerging uncertainties and intensified challenges,” adding that this strategy provides Ireland with a strategic plan on the future of the country’s trading relationships.

The new strategy sets ambitious targets for the country’s exports, foreign direct investment, tourism and international education. It is the successor to the previous Trade, Tourism and Investment Strategy, which ran from 2010 to 2015 and saw extraordinary success despite low growth in the global economy during that period.

The Irish government said the new strategy will deepen Ireland’s economic resilience and responsiveness in the face of highly changeable global conditions by intensifying the country’s business development activity in existing markets and diversifying into new regions. Enditem

Source: Xinhua/NewsGhana.com.gh

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