Welcome to our news room. Here you will find all the latest news from the American Chamber as well as US companies in Ireland. If you would like to receive regular news updates, sign up for our weekly email FDI Focus.
The National Competitiveness Council (NCC) has published Ireland’s Competitiveness Challenge 2020 which builds on the Council’s annual benchmarking report. The NCC has outlined 20 recommendations, the most relevant to AmCham are outlined here
Last Wednesday AmCham held a really constructive (virtual) meeting with Ministers Paschal Donohoe; Michal McGrath and Ossian Smyth – all of whom expressed deep appreciation for the work done by our member companies and their teams throughout the pandemic and the importance of multinationals to our economy and our society. We summarised for the Ministers the scale of our members’ impact – as set out in our Make the Bridge Stronger Report; the current sentiment about Ireland from our members (see survey results below) and the key recommendations in our Pre-Budget Submission
The American Chamber of Commerce Ireland welcomed today’s decision by the European Court of Justice that Standard Contractual Clauses for the transfer of Personal Data to third countries, including the United States, is valid.
However AmCham is very concerned that the ECJ’s decision invalidates the EU-US Data Privacy Shield – this gives rise to great uncertainty and complexity for business of all sizes, public sector organisations and not-for-profits on both sides of the Atlantic.
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