Dáil Éireann Debate, Thursday - 18 December 2014
182. Deputy Terence Flanagan asked the Minister for Jobs, Enterprise and Innovation his views on a matter (details supplied) regarding a trade agreement; and if he will make a statement on the matter. [49009/14]
View answerThe blog to which the Deputy refers mentions the Trans Pacific Partnership (TPP) negotiations and the Transatlantic Trade and Investment Partnership (TTIP) negotiations. As the EU is not a party to the TPP negotiations, I have no information on these. As regards the TTIP negotiations, the scope of the EU Commission’s mandate to negotiate with the United States is available on the EU Council’s website at:http://www.consilium.europa.eu/uedocs/cms_data/docs/pressdata/EN/foraff/145014.pdf In addition, the EU Commission has made available a valuable store of information and documents about the TTIP which can be found at: http://ec.europa.eu/trade/policy/in-focus/ttip/
A comprehensive trade and investment deal between the EU and the US is of huge importance to Ireland. The preliminary results of research commissioned by my Department show that such a deal could lead to a 1.1% increase in Irish GDP, a 2.7% increase in exports, a 1.4% increase in real wages, and a 1.6% increase in investment.
