Vol. 470 No. 3
12 Mr. Clohessy asked the Minister for Tourism and Trade if he will identify the industries most affected by the increased value of the Irish pound against sterling; if it is intended to introduce any new measures to assist the companies involved in these industries; and if he will make a statement on the matter. [18850/96]
At the end of 1995, ABT carried out a survey of indigenous firms exporting to Britain. The results indicated that a small number of firms, with exceptionally high UK market dependency, were experiencing difficulties.
In response, ABT established a special task force in that market, consisting of marketing specialists, which is focusing on exporters experiencing particular difficulties. The task force is currently working with 22 companies to help them increase their overall export sales. It is also helping selected companies replace loss making or marginally profitable business with new sales opportunities in new market segments at better margins.
The industries affected come from a range of sectors, including timber, printing, textiles, electrical and engineering.
The Minister gave similar information to the House last July. At that stage 21 companies were involved and I note the number has increased to 22. Has the task force been helpful in any way? Has there been any improvement in the export figures or has the decrease reduced? What has been the effect of the assistance provided in helping these vulnerable Irish companies to maintain their markets and expand them if possible?
The advice of the ABT to its task force concentrated on companies which fulfilled the criteria of over 25 per cent of turnover sold to Britain and turnover of over £500,000. It contacted 369 companies, of which 171 requested meetings. Work is either completed or under way with 71 companies and I am advised that from the original list of 21 companies which regarded sterling as a significant factor, only five now do so as a result of changed circumstances and ABT assistance. However, a further 17 companies which recently met the task force indicated that sterling is an issue in their areas.
I do not have details of the level of exports to Britain by the companies which the ABT task force has assisted. However, I will get that information for the Deputy if he wishes.
Perhaps we could deal quickly, although Question Time is exhausted, with Question No. 13.
