Cork Chamber, the voice of business in Cork, has responded to the publication of a new EU-US joint statement today. The statement provides welcome clarity for many in the business community, however, concerns regarding the impact on Ireland’s competitiveness remain.
Conor Healy, Cork Chamber CEO, said, “Today’s joint statement provides a degree of stability for the business community following months of uncertainty. The inclusion of pharmaceuticals and semiconductors in the agreement is important, given their key role in the Irish economy.
“A stable international trading environment is critical for economic growth and development, and today’s agreement provides that. The fact remains, however, that there will be a negative impact on the Irish economy, Irish business and Irish consumers as a result of this new trading landscape.
“It is vital that the Irish government, alongside EU partners, continues to advocate for more favourable trading conditions, as well as providing support for businesses and sectors most affected by the new trading reality.”