ENTERPRISE Ireland said client companies in global export markets performed exceptionally last year delivering €13.181 billion.
New export sales of €1.445bn in 2007 pushed total new sales over the 2005-2007 strategy period to €4.419bn, well ahead of the ambitious €3bn target the group set for itself for the three-year period.
Total employment hit 153,670, a net gain of 1,321 in the period.
Launching the 2007 annual a report in Dublin yesterday chief executive Frank Ryan said “export sales over the last three years have been won by our client companies tenaciously pursuing new market opportunities, intensifying existing customer relationships and opening up new markets with innovative products and services”.
The results reflected very good progress against stiff international competition, he said.
Speaking also at the report’s launch, Tánaiste and Minister for Enterprise, Trade and Employment, Mary Coughlan stressed the Government wold not flinch from seeing though the national development plan despite the shock report from the ESRI that the economy was now in recession.
The Tánaiste had just left yesterday’s cabinet meeting, when the implications of the highly negative report on the economy published yesterday by the ESRI were discussed.
Asked if the suggested wage freeze for the public sector had been on the table she said: “I think it is important to say that we’re in the middle of discussions on social partnership and I would never preempt any of those discussions.
“I think there is a reality there within all of us from our own domestic perspective and from a national perspective that there are choices to be made.
“Those choices if they are the right choices will ensure that over the short term period we will be able to sustain the growth that we have,” she said.
From an Irish company perspective the difficulties will be “weathered” by supporting Irish companies in carrying out research and development, and through innovation.
It will be also necessary to ensure we have the skills needs required to drive the export ambitions of Irish firms, she said.
On the threat of cutbacks she said “the fiscal policies will have to reflect the realties that are there”.
However she said the strategic use of the NDP and continuing capital investment “will continue to drive the economy through these more testing times”.
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