2010
Press Release
Immediate 24th Feb 2010
Commenting on the CSO Trade figures released today (24th Feb), the IEA stated the confirmation of the magnitude of the fall in exports as reflected in the Dec 2009 figures, had most immediate implications for Ireland's indigenous exporters, who saw exports to their key markets of Britain and Northern Ireland fall by 16%.
John Whelan, the IEA Chief Executive, stated;
"The exporters to the UK fear that further losses across the indigenous export sector will continue through 2010, and called on a New export Strategy to on the one hand offset the weakness of Sterling, which is forecast to weaken again against Sterling over the coming months, and on the other hand enable exporters to move aggressively into new growth markets"
But he went on to say;
"There are fears that without special support the skills built up over the past decade in new products/ services will be lost completely."
On the question of moving into new growth markets the IEA chief executive stated;
"The BRIC countries offer huge opportunities for a wide range of Irish exporters- but for a small and medium sized business to tackle the Indian or Chinese market is just too difficult and they don't have the resources."
He concluded by saying;
"A new Export Strategy is now needed with the vision to increase Ireland's exports by 10% per year. This annual target would increase exports by over €40 Billion in 3 years and create 150,000 new jobs (direct and indirect)"
"However, the building blocks that are essential for reaching this ambitious target include
END
For more information;
Please contact Mr John Whelan, Irish Exporters Association
Mobile: 087 927 1243
Immediate 24th Feb 2010
Ireland needs New Export Strategy, say Irish Exporters Association ( IEA)
Commenting on the CSO Trade figures released today (24th Feb), the IEA stated the confirmation of the magnitude of the fall in exports as reflected in the Dec 2009 figures, had most immediate implications for Ireland's indigenous exporters, who saw exports to their key markets of Britain and Northern Ireland fall by 16%.
John Whelan, the IEA Chief Executive, stated;
"The exporters to the UK fear that further losses across the indigenous export sector will continue through 2010, and called on a New export Strategy to on the one hand offset the weakness of Sterling, which is forecast to weaken again against Sterling over the coming months, and on the other hand enable exporters to move aggressively into new growth markets"
But he went on to say;
"There are fears that without special support the skills built up over the past decade in new products/ services will be lost completely."
On the question of moving into new growth markets the IEA chief executive stated;
"The BRIC countries offer huge opportunities for a wide range of Irish exporters- but for a small and medium sized business to tackle the Indian or Chinese market is just too difficult and they don't have the resources."
He concluded by saying;
"A new Export Strategy is now needed with the vision to increase Ireland's exports by 10% per year. This annual target would increase exports by over €40 Billion in 3 years and create 150,000 new jobs (direct and indirect)"
"However, the building blocks that are essential for reaching this ambitious target include
- Stimulating the export sector with adequate short term funding - to trade through the valley period in international trade and be market ready for the global recovery as it emerges.
- Removal of the State aid "de-minis rules" to allow greater injection into solid trading company's dependent on the UK.
- More proactive and extensive support for new market entry such as-market research and buyer introduction, stand participation at trade shows, brand and marketing support.
- Export credit insurance support."
END
For more information;
Please contact Mr John Whelan, Irish Exporters Association
Mobile: 087 927 1243
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