As the Chair Person of the Ireland Canada Business Association (ICBA), I am pleased to welcome you to this website.
It has been said often that no two nations share closer economic ties than those between Ireland and Canada. Those ties are underpinned daily by Irish and Canadian and transatlantic businesses creating jobs, growth and prosperity.
The ICBA welcomes the forthcoming opening of an office in Canada by the IDA. Our members have lobbied for this and we feel that this indicates the growing size of trade between Ireland and Canada. We believe that our members power a substantial transatlantic economy which is a source of strength, security and sustainability in the global economy. The strong trade relationship between Ireland and Canada is reflected in the impressive €2.75 billion of annual trade between Ireland and Canada in 2016. This includes fast-growing exports by innovative Irish companies to Canada and major Canadian investments in Ireland. As Canada’s nearest neighbour to the EU, CETA presents Ireland with substantial opportunity to take the initiative in working with Canadian, international and domestic companies on significantly liberalised cross Atlantic trade. While indigenous Irish company exports to Canada have grown by over 250% in the last five years , it has been predicted that CETA will result in a €250m increase in Irish exports per annum.
Ireland’s role and offering to Canadian and international companies as a gateway to the EU single market remains unchanged. Ireland’s hard won and well-established reputation for winning and maintaining foreign direct investment is critically important in the coming months as Brexit becomes a reality
The ICBA was established in 1978. We continue to believe in creativity, diversity, and abundance of opportunity. No two countries represent this more so than Canada and Ireland – two ‘signpost’ countries for the future where we are proud to be based. We believe in sharing the knowledge, insight and perspectives of our members – from the SME “grassroots” to global transnationals.
We believe that business and growth create social good and we believe Irish & Canadian businesses should proactively tell their stories. We are proud of what our members do and believe that a strong business community is the bedrock for a successful society.The ICBA remains committed to assisting our members in their bilateral investment and trade between Canada and Ireland and will build on the work done over the last 40 years to promote member views and protect their transatlantic businesses.
Partner, DWF Dublin
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