The National Competitiveness Council, established under Partnership 2000, provides detailed assessments on all aspects of our national competitiveness, including that of Irish products traded on world markets. Both the council's 1999 annual competitiveness report and its report on costs, published this summer, provide detailed analysis of our impressive trade performance in recent years. They also draw attention to the continuing need to diversify our market penetration, both in terms of country and sector, and the scope for an expansion in our trade in services. The NCC also identifies the opportunities and challenges brought about by EMU and emerging markets in Eastern Europe and south-east Asia.