The Irish Minister of State for European Affairs, Lucinda Creighton, is in New York this week to attend a Bloomberg conference on sovereign debt.
Creighton intends to use the opportunity to outline Irish economic progress and highlight the important trading relationship between the U.S. and the European Union.
“I am delighted to be able to participate in this event. It is important to recognize the extent of the trading relationship between not just Ireland and the U.S. but also between the EU and U.S.,” Creighton said.
Companies from both regions invested $2 trillion in each other’s markets last year. There is scope to increase this further.
“A zero tariff policy between the U.S. and EU would increase GDP by around $180 billion over five years, more than the potential from the successful conclusion of the DOHA trade talks.”
While in New York, Creighton also met with contacts in the United Nations and New York Stock Exchange.