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IDA Ireland

Dáil Éireann Debate, Wednesday - 9 September 2020

Wednesday, 9 September 2020

Ceisteanna (67)

Catherine Murphy

Ceist:

67. Deputy Catherine Murphy asked the Tánaiste and Minister for Enterprise, Trade and Employment if IDA Ireland plans to open a new office in Melbourne, Australia. [22747/20]

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Freagraí scríofa

I have been informed by IDA Ireland that there are currently no plans to open a new office in Melbourne, Australia. The Agency does, however, operate an office in Sydney as part of it global footprint of 19 offices which includes a number of locations in the Asia-Pacific region. The IDA continues to review its presence overseas on an ongoing basis, in line with the strong emphasis it places on attracting FDI from different markets.

The IDA has made significant progress in attracting first-time investors from the Asia-Pacific region. In recent years we have seen notable investments from Chinese, Indian and South Korean firms. This shows that the concerted effort that the IDA has made to target Asian investors is now producing results in terms of new jobs here on the ground in Ireland.

While much has been accomplished in this context, the Government remains conscious of our need to continue attracting FDI from as many different countries as possible. To diversify investment here further, we need to build awareness of Ireland as a preferred investment destination in target countries, as well as improve competitiveness and consolidate Ireland’s traditional strengths in terms of talent, productivity and ease of doing business. I am confident that this approach will help boost further the number of investors here from non-traditional markets and that we will continue to see greater geographic diversity across the IDA's client portfolio. The Agency's efforts in this context are already being reinforced and supported by the Global Ireland strategy, which will build and deepen Ireland's footprint all over the world in the period up to 2025.

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