Dáil Éireann Debate, Tuesday - 11 November 2014
239. Deputy Pearse Doherty asked the Minister for Jobs, Enterprise and Innovation his views on the estimates of jobs displacement across the EU as a result of the transatlantic trade and investment partnership; the measures he will introduce to counteract these effects for workers here; and if he will make a statement on the matter. [43081/14]
View answerThe Transatlantic Trade and Investment Partnership (TTIP) offers huge potential to increase economic growth through trade and investment. Taking away trade barriers and making markets more open, as we have done in other trade negotiations, brings increased competition, lower prices and more opportunities for our exporting sector. The stimulus effect of TTIP on jobs, while difficult to estimate precisely, is expected to be positive in terms of more and better paid, sustainable jobs in the exporting sector of the economy.
My Department has engaged international expertise to examine the economic and other impacts and related potential opportunities for Ireland of the Transatlantic Trade and Investment Partnership [TTIP]. The focus of the study is to identify key areas and sectors of the economy that will be impacted by the TTIP. This will help to inform Ireland’s position in the negotiations. It will also help in identifying appropriate policy responses to be deployed to maximise the potential of this agreement and provide an assessment of the longer term implications for enterprise policy. Preliminary results show the creation of substantial additional and sustainable jobs in the export orientated sectors of the economy.
