Trade Promotion
Dail Éireann — 2026-03-26
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Tony McCormack (FF), Offaly

While strategy for diversification is welcome, the reality is that Ireland remains highly concentrated in terms of trade exposure. Around one third of exports go to the United States and Ireland holds over €1 trillion in foreign investment stock, the majority of which originates from US-based multinational firms. At the same time, the UK and the European Union collectively remain by far our largest overall trading partners. This level of concentration creates a significant vulnerability in periods of global economic or political disruption.
Can the Minister outline what measurable progress is being made in reducing Ireland's exposure to a narrow set of markets and sectors? How will the Department ensure that diversification efforts translate into real and sustained growth in trade with new partners rather than remaining at the level of policy ambition?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-03-26/debate/main
Retrieved: 2026-08-14T04:54:47+00:00
Sitting date: 2026-03-26