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Dáil
‹ Order of Business

Industrial policy and foreign investment

Summary

Micheál Martin seeks a comprehensive debate on foreign direct investment, multinational companies, SMEs and Ireland’s position in the European Union. The Taoiseach defends the strength of investment in Ireland, cites Apple’s Cork operations, and agrees that industrial policy can be debated.

I have read the Department of Finance's response to the decision of the European Commission to open a formal inquiry into a number of individual EU member states, particularly in respect of the application of rulings or opinions relating to a particular multinational company that has been in Ireland for well over 30 years and that at times employs up to 3,000 people. We need a comprehensive debate in this House on industrial policy, foreign direct investment and how we attract it because the narrative has gone askew somewhat. We need a very clear national position vis-à-vis the European Commission and European policy makers and Ireland's competitiveness and that of the EU vis-à-vis other countries like Singapore which spare no effort in terms of the armoury they put together to attract industry. In essence, we are competing against them.

Some companies may go but many stay. Apple has been in Cork for well over 30 years, has gone through many changes and has employed over 3,000 people. It is a matter of concern to real people. These are real bread-and-butter issues for workers that the Houses of the Oireachtas need to interrogate. There are many other companies that the Taoiseach visited, including pharmaceutical and electronic companies. We need to be clear and not just pander to the latest fad about a given issue or company because it is critical to the future of the country and good quality employment.

Comment on this
Seán Barrett An Ceann Comhairle Fine Gael

We are on the Order of Business.

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Is the Government prepared to give decent Government time for a comprehensive debate on this issue involving foreign direct investment and multinationals but also SMEs? Let us have a genuine and open debate about where the country should go on this. We need to be far more assertive and robust in the EU than perhaps we have been to date.

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Seán Barrett An Ceann Comhairle Fine Gael

I think the Deputy has made his point.

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And about a gun to the head of workers-----

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I am not saying that.

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Seán Barrett An Ceann Comhairle Fine Gael

I ask Deputies Martin and Higgins to settle down and respect the Chair.

Comment on this
Enda Kenny The Taoiseach Fine Gael

I had the privilege of opening the expansion of the Apple plant in Cork recently. It is a fabulous entity employing many thousands of people who have been there for many years, as Deputy Martin noted. I met with the principals of Apple last week in California. They have been very happy with their productivity, track record and the workforce in Cork and want to be there for very many years. We have a very clear and strong position that is evidenced by the strength of the foreign direct investment line coming to the country. I have no objection to a debate here on industrial policy on which we have a very clear and robust position. As the Deputy is aware, it is based on talent, technology, track record and our tax position. We will defend that in any quarter and are defending it very strongly where that is necessary. It is proving to be a very successful process in terms of the outcome because of development, expansion and jobs. Of course, we can have a comprehensive debate on industrial policy but we have a very clear and robust position articulated by the Minister on so many occasions internationally and we will defend that. We can make arrangements for the Whips at the appropriate time to have a comprehensive debate, which I would welcome.

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