The Irish government, through comments by Minister Donohoe, is actively addressing trade uncertainty that negatively impacts economic growth and investment sentiment. The government's response plan includes three major projects to mitigate risks, such as trade negotiations led by the EU Commission and a review of the National Development Plan. Additionally, efforts to assist companies in diversifying and exploring new markets are prioritized. While there is hope for diplomatic discussions between EU and US leaders, the government maintains that negotiations should proceed privately for effective outcomes.
Unfortunately, the trade uncertainty that we are now seeing is having an effect already on economic growth and is having an effect on sentiment regarding investment and how economies will grow in the future.
The level of any kind of intervention back from the Government to this difficulty is different to where we have been in the past.
It will be about helping companies diversify, it will be about helping them find new markets, and most importantly, when we're still in a period of negotiation, is influencing the common stance of the European Union on this issue.
Given that this is a negotiation, I am still of the view that it's best that it happened in a private way, that we allow the negotiation to continue and, I hope, conclude.
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