Government predicts €16m rise in exports

11 Nov 201056 Views

The Minister for Enterprise, Trade and Innovation Batt O’Keeffe TD has said new Government measures could see Irish exports rise by up to €16m.

The newly approved Government measures aim to lift trade barriers for small businesses and the regulation will give effect to the services directive in Ireland – making it easier for consumers and businesses to buy services in the single market.

5,300 increase in jobs

Forfás said jobs in services could rise by 5,300 as a result, and foreign direct investment in services could increase by up to 20pc.

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O’Keeffe described the Government decision as a "significant boost for Ireland’s export sector".

According to the Central Statistics Office, our services exports were €67bn last year.

"Ireland is the only country in the eurozone, bar Germany, to record an increase in export activity in the first half of this year,” O’Keeffe said.