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Taoiseach [Ireland’s Prime Minister] Micheál Martin was in Ottawa in September, where boosting business links was on the agenda. And earlier this week, the [Irish] Government backed a new report that examined opportunities for increasing trade between the Republic and Canada.
The report says Canadian companies already employ more than 22,000 people [in Ireland], while more than 19,000 in Canada are working for Irish companies.
However, it states that there is significant potential for future growth in trade and investment. In particular, the report points to the clean tech, fintech, agri-food and life sciences sectors.
The study, commissioned by the Government, employers’ group Ibec, and the Ireland-Canada Business Association, suggests that there is potential to increase trade in goods between the two countries by €1.2 billion annually – a 34 per cent increase – and to expand trade in services by almost €500 million.
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The report states that trade between the two countries has nearly doubled since a deal between Ottawa and the EU was reached in 2017, reaching approximately $9.6 billion in 2023. The Republic is now Canada’s 15th largest trading partner.
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“Canada has the potential to increase exports in financial services, air transportation services and management and consulting services. Ireland has potential to increase exports in computer services [eg, tech sector exports] and insurance and pension services,” it says.
Stand against the entitled imperialists.
