The Taoiseach was commenting at an ACCA event in the Trinity Science Gallery hosted by its global President Brian McEnery, which saw contributions from a range of industry and business leaders on the theme ‘Opportunities For A Small Open Economy’ with Bank of Ireland, Eir, the Small Firms Association (SFA) and Dublin Chamber of Commerce all represented.
Outlining polices to support economic development in a Brexit environment, the Taoiseach highlighted the importance of attracting investment, the role of the IDA, access to government, the need to further build a skilled workforce and most importantly, Ireland’s role in a modern Europe.
An Taoiseach paid tribute to the contribution ACCA has made to debates on Ireland’s economy:
'As we work to create a Republic of Opportunity we rely on your contribution to ensure that we meet and maintain high standards in Irish business life. Despite the many external risks, not least Brexit, we are entering the next Budgetary cycle from a position of strength. Ireland has been the fastest growing economy in Europe for the last three years and our growth rate is expected to be at 4.3% this year and 3.7% in 2018. I am determined that all parts of our country share in our return to prosperity, and it is a great sign that all regions are now experiencing both economic and employment growth.'
Commenting ACCA President Brian McEnery said,
'This was a timely discussion on the prospects for the Irish economy during a tumultuous period. As an Irishman representing a global professional accountancy body, it was particularly important that we looked at Ireland’s future in a globalised age as well as a nation with a unique relationship with the UK.'
'What was clear is that Brexit offers opportunity as well as well-documented challenges. Yet that could become a lost opportunity unless business and government work closely together to provide the infrastructure, the talent pipeline and maintaining open trading links Ireland needs to thrive.'
Brendan Foster, President of Dublin Chamber commenting on the need to develop further FDI policy support said,
'We need to improve our incentives for executives of FDI companies to maximise the opportunities that Brexit presents and to differentiate ourselves from competing countries who are actively challenging for businesses looking to relocate their EU operations.'
The panel hosted by ACCA President Brian McEnery included;
Dr Loretta O’Sullivan, senior economist at Bank of Ireland
Richard Moat FCCA and CEO of Eir
Sue O’Neill, Chair of the SFA,
Brendan Foster, FCCA, Partner, Grant Thornton and President Dublin Chamber of Commerce
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Notes to Editors
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. It offers business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
ACCA supports its 178,000 members and 455,000 students in 178 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 95 offices and centres and more than 7,110 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.
Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. It believes that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. ACCA’s core values are aligned to the needs of employers in all sectors and it ensures that through its range of qualifications, it prepares accountants for business. ACCA seeks to open up the profession to people of all backgrounds and remove artificial barriers, innovating its qualifications and delivery to meet the diverse needs of trainee professionals and their employers.