Dáil Éireann Debate, Tuesday - 3 November 2009
215 Deputy Michael Creed asked the Tánaiste and Minister for Enterprise, Trade and Employment the progress she has made in addressing the difficulty being faced by companies involved in the building services area getting export credit insurance; and if she will make a statement on the matter. [38584/09]
View answerAs a result of the difficulties being experienced by some companies seeking Export Credit Insurance, I arranged that a forensic examination of the Credit Insurance market in Ireland should be carried out to establish what assistance the State could provide in enabling exporters and to assist recovery in the credit insurance market.
It should be appreciated that any intervention by the State in the area of trade finance must have regard to the effectiveness and tangible benefits of such a scheme for exporters across all sectors with a particular focus on job creation, in light of potential significant additional costs to the exchequer. Work is continuing in my Department and I intend to be in a position to communicate the outcome of our work to date with the groups concerned shortly.
