Dáil Éireann Debate, Wednesday - 26 March 2014
98. Deputy Peadar Tóibín asked the Minister for Jobs, Enterprise and Innovation on the supply side, the level of FDI integration with the domestic economy for each of the past five years; and the way this compare to the EU average (details supplied). [14257/14]
Amharc ar fhreagraWhile all 27 EU member states have an agency dedicated to attract foreign direct investments into the country, member states do not generally share a common practice to link FDI promotion with wider economic policy objectives, such as FDI integration with the domestic economy. A few Member States link FDI objectives directly with overall economic objectives, Ireland being a classic example.
The Forfás Annual Business Survey of Economic Impact 2012 (ABSEI), which was published on Monday last show that companies which were clients of IDA Ireland spent a total of €56.676bn on Irish goods and services in the 5 year period 2008 to 2012. Detail of the amount spent on Irish goods and services in each of the years 2008 to 2012 is shown in the following tabular statement. The ABSEI asks companies to outline what they purchase in the Republic of Ireland but not the nationality of the companies from which purchases are made.
The Global Sourcing Project has been a major focus of the EI/IDA Senior Management Team since its establishment in early 2012. Action 188 of the Action Plan for Jobs 2013 set the objective of procuring an additional €500m of domestically sourced goods and services by FDI companies in Ireland. The latest ABSEI survey shows that the purchase of Irish goods and services by increased by 6% of €777m between 2011 and 2012.
Table showing the value of Irish goods and services purchased by IDA Ireland client companies in each of the years 2008 to 2012. (Client companies of the former Shannon Development, which are now clients of IDA Ireland are included in these figures)
|
€million |
2008 |
2009 |
2010 |
2011 |
2012 |
|
Irish Materials |
2,140 |
1,602 |
1,638 |
1,912 |
2,364 |
|
Irish Services |
9,076 |
8,760 |
8,747 |
10,056 |
10,381 |
|
Total |
11,216 |
10,362 |
10,385 |
11,968 |
12,745 |
