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Dublin Castle. William Murphy via Flickr

World business leaders meet in Dublin to advance transatlantic trade deal

The round table discussion will coincide with the meeting of EU trade ministers at Dublin Castle.

BUSINESS LEADERS FROM THE United States and the European Union will meet in Dublin Castle today at a business round table organised by IBEC, the group representing Irish employers.

The round table is to coincide with the meeting of EU trade ministers in an effort to advance talks towards a major new transatlantic trade deal.

IBEC said today that the meetings will be “crucial” in determining the likely parameters of a new free trade agreement, the Transatlantic Trade and Investment partnership (TTIP) which it said “has the potential to provide a major economic boost to both the Irish and global economies”.

A new survey of 142 companies, conducted by IBEC shows that 52 per cent think a deal would lead to increased trade with the US and 20 per cent thin kit would increase investment in their company. A further 19 per cent indicated that a deal would lead to job creation in their firm.

The Dublin Castle discussions will be chaired by President and CEO of the US Chamber of Commerce Tom Donohue and President of BusinessEurope Jürgen Thumann, and will be attended by Minister for Jobs, Enterprise and Innovation Richard Bruton, European Commissioner for Trade Karel De Gucht, the leaders of European business federations and senior European and Irish business figures.

Speaking in advance of the meetings IBEC Chief Executive Danny McCoy said that a deal has the potential to “kick-start” a new phase of economic renewal on both sides of the Atlantic.

“A deal would constitute the most important bilateral trade initiative ever negotiated and, as a trading nation with strong US ties, Ireland is particularly well-placed to benefit,” he said.

A recent survey has projected that EU exports to the US would increase by 28 per cent, or €187 billion, each year as a result of the increased trade from a new EU-US free trade agreement (FTA). An agreement between the two economic blocs would also increase global trade. This would produce an additional 6 per cent growth in exports for the EU, bringing the total benefit to the EU to €220 billion per annum.

Read: Huge number of Irish firms not ready for SEPA>
Read: IBEC Business Sentiment Survey shows highest levels since 2009>

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7 Comments
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    Mute Sean O'Sullivan
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    Apr 10th 2013, 6:02 PM

    When mine catches fire I just put it on a quick wash cycle….quenches it every time!

    40
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    Mute Frank Hindsight
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    Apr 10th 2013, 7:46 PM

    Mine too caught fire the other day…..I tried to warn her about lighting her farts on Fajita y Tequila night in the gaf!!

    20
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    Mute Irishboy1691
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    Apr 10th 2013, 5:29 PM

    So a free “in home repair” is the new recall and replacement?

    36
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    Mute Paula Kennedy
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    Apr 10th 2013, 9:29 PM

    Never put on the dishwasher when you are going to bed

    26
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    Mute brian magee
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    Apr 11th 2013, 8:09 AM

    Why’s that, people with night rates do it because its cheaper.
    The next generation of didhwashers are grid controlled and will turn them selves on in the middle of the night to avail of excess wind. And reduce the burden on the grid.

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    Mute brian magee
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    Apr 10th 2013, 5:38 PM

    How many fires before it becomes a pattern?

    21
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    Mute mohamad oconnor
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    Apr 10th 2013, 5:29 PM

    Dishwasher! Not my department!!

    20
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    Mute Kay Tighe
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    Apr 10th 2013, 5:38 PM

    A dishwasher lasting that long ?

    17
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    Mute Michele Tobin
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    Apr 10th 2013, 6:17 PM

    Mines 13 years old. Survived many a child sittingvon open door!

    42
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    Mute Sinead Fox
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    Apr 10th 2013, 10:59 PM

    Mine is ’04 so 9 years old and still working well, last washing machine lasted nearly 16years…

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    Mute Billy Higgins
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    Apr 10th 2013, 9:12 PM

    Any chance of posting model numbers affected?

    17
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    Mute Fussy Galore
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    Apr 10th 2013, 11:12 PM

    Bosch are only doing something about this because of the threat of bad publicity and the pressure put on them by the Consumer Show programme on RTE TV. Bosch wouldn’t care less only for the coverage on the show and that it goes to show the importance of having a strong regulator / enforcer in such situations in order to protect consumers.

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    Mute Git Gray
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    Apr 10th 2013, 11:43 PM

    It will all come out in the wash

    11
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    Mute The Red Devil
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    Apr 11th 2013, 1:30 AM

    I never put on the dishwasher when I’m going to bed- it’s to heavy

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    Mute Bernadette Dunne
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    Apr 11th 2013, 3:57 AM

    Lol lol comment of the week

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    Mute James
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    Apr 10th 2013, 7:13 PM

    Always the pump

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    Mute Bernadette Dunne
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    Apr 11th 2013, 3:43 AM

    I put on my washing machine and my dish washer every night and thankfully my clothes are clean and my dishes too…It’s a myth about running them at night being dangerous but I bet most of yea would run them while yea are out at work/ Shopping/or gone for lunch I save a fortune using then on the night saver too

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    Mute Alan McNamara
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    Apr 11th 2013, 5:36 AM

    Yeah but your not in the house, it’s much much worse if it went on fire and you were asleep.

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