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The American Chamber of Commerce Ireland welcomes the decision today by the General Court of the European Union on its ruling in favour of the appeal by Ireland against the European Commission's €13bn State-Aid ruling.
The American Chamber of Commerce Ireland has highlighted the continuation of the Temporary Wage Subsidy Scheme, investment in broadband and transport infrastructure, investment in childcare and the setting up of an inward investment task force in a letter to An Taoiseach ahead of the publication of the Government’s planned July Stimulus package, following consultation with its member companies. The American Chamber represents over 700 US multinationals operating in the Irish economy, providing employment for over 160,000 people directly and over 100,000 additional indirect jobs.
The American Chamber of Commerce Ireland today published a new report entitled, “Make the Bridge Stronger”, which contains a series of recommendations the American Chamber is making to Government, opposition and other key stakeholders involved in policy formation.
Included in the recommendations are: protecting global supply chains; pandemic proofing; broadband; infrastructure; digitisation of the State; focus on education, innovation, research and development; carbon neutrality; and a focus on the speed of Government decision making. The American Chamber believes these are the key areas requiring urgent attention to ensure Ireland’s economy recovers from the current crisis.
As a national representative body, the welfare and safety of our American Chamber members, team, stakeholders, and the wider community is our first priority.
Increase in employment during 2019 with over 700 US companies now employing over 160,000 people directly in Ireland, and an additional 128,000 employed in supporting businesses
‘US-Ireland Business 2020’ brings to life the substance of the business relationship between the US and Ireland. US companies have been investing in Ireland going back to the earliest days of the State, with a world-beating track record of innovation and success on the global stage. Through key interviews with Government offi cials and business leaders, this report demonstrates the equal nature of the two-way business relationship between the US and Ireland. The success of Irish investment into the US is now at an all-time high.
The Economic Report ‘Irish-U.S. Linkages in an Era of Uncertainty’ is written by Wall Street Economist Joseph Quinlan. It provides a very clear picture of the strength of the Irish-US economic relationship and reinforces Ireland’s importance in the wider EU-US trade relationship, serving as a vital hub for US companies accessing European and international markets. As we embark on a new decade, AmCham believes that Certainty, Talent, Innovation and Sustainability will be the central themes to the future success of investment in both directions.
“The American Chamber of Commerce Ireland welcomes the results published today by IDA Ireland which show that employment figures by client companies are now at an all-time high, with 245,096 people employed by the multinational sector in Ireland. In particular, the Chamber is delighted to see the impact of the multinational sector is being felt throughout the entire country with 75,635 jobs created outside of Dublin over the past five years, leading to 33,118 additional direct jobs. We congratulate Team IDA Ireland for the critical role they continue to play internationally in promoting Ireland as a destination for inward investment and the global standards they have set in executing their mission.
It’s been a strong year for US FDI in Ireland and the pipeline of investment has continued to grow steadily across all sectors. But in light of the challenges ahead, like Brexit and the predicted slowdown of the global economy, the Government must deliver a confident message to the world that Ireland is open for business.
This is according to the American Chamber of Commerce Ireland, which represents Ireland’s US Foreign Direct Investment (FDI) community. Today it hosted its annual Thanksgiving lunch in the Clayton Hotel on the Burlington Road in Dublin.
An Taoiseach Leo Varadkar T.D. was the Guest of Honour at the event, where Dr. Mary Robinson was the recipient of the 2019 Distinguished Leadership Award.