Simon Coveney TD
Minister for Enterprise, Trade and Employment
In periods of industrial, economic, or technological transition, early movers gain a competitive advantage. The twin green and digital transitions are two of the most pressing challenges facing business today.
Since taking office as Minister for Enterprise, Trade and Employment, I have prioritised helping businesses adapt to the new landscape and seek out opportunities for growth.
This ambition is woven through my Department’s White Paper on Enterprise, which identifies the key priorities to protect Ireland’s strong economic position and response to new challenges and future opportunities.
Economic benefits of decarbonisation
The transition to a low-carbon economy is the industrial revolution of the 21st century; the benefits are not only lower emissions but better jobs, warmer homes, cleaner air, cheaper and more secure energy, and a resilient economy.
Climate action should not be seen as a burden for businesses but an opportunity to be seized. We must position Ireland to capture all the value we can in our decarbonisation journey, particularly in relation to offshore renewable energy and the industries that are best suited to develop alongside it.
Businesses can access international
markets through Free Trade Agreements.
Digitalisation support for businesses
Advancing the digital journey will help businesses reduce costs, ensure competitiveness, improve innovation, and provide high-quality jobs across the country.
Ireland has a strategic advantage in terms of digitalisation with our rich ecosystem of multinational and indigenous technology companies. We must harness the expertise within these companies and academic institutions to its fullest.
My Department’s Building Better Business events across the country aims to help businesses navigate their green and digital journeys. Government offices and agencies attend to provide advice on the range of support available to businesses.
Enhancing competency in global markets
As a small, open economy with a limited home market, businesses can access international markets through Free Trade Agreements, which are vital for SMEs and the wider business community in Ireland seeking to grow.
As an EU member state, we are fortunate to be part of the EU network of Free Trade Agreements, which is the largest in the world. This undoubtedly is a major asset in keeping markets open and helping Irish companies reach new markets and thrive. These agreements are more important than ever as disruption to trade and supply chains as a result of Brexit, the COVID- 19 pandemic, and more recently the war in Ukraine, highlight the importance of rules– based open trade, shared values and finding alternative opportunities to keep trade flowing.