Incoming President of the American Chamber of Commerce and Managing Director of Microsoft EMEA Operations Centre, James O’Connor says it is imperative that Ireland is ‘match fit’ for the challenges ahead in the changing global environment.
He has highlighed cost competitiveness, education and infrastructure as some of the key areas which Ireland needs to focus on to ensure that the country continues to be top of mind for investment decisions.
Speaking today, Mr. O’Connor highlighted the fact that the 700+ US companies in Ireland now employ a record 150,000 people nationwide and another at least 100,000 additional jobs have been created to support and supply the work of these companies.
Mr. O’Connor also stressed the fact that the relationship between Ireland and the US is very much a two way street at this point, with Irish companies creating over 120,000 jobs across all 50 States in the US and generating over $90bn in US sales.
He emphasised the importance of being "laser-focused" on keeping Ireland ahead of the posse when it comes to attractiveness as a business location. Mr. O'Connor warned that Ireland must stay "match fit" in the fight for FDI, particularly in light of current challenges such as Brexit.
"The Ireland-US business relationship track record is second to none," said Mr. O’Connor, "but Ireland must be extremely vigilant in face of changes on the world stage that could impact our competitiveness when it comes to future investment decisions."
He added, "The challenge of Brexit, and various changes of leadership, mean that it is imperative we constantly review our policies in relation to competitiveness, skills and talent, and investment in infrastructure to make sure we retain and advance our current strong positioning in that regard."
Source: www.businessworld.ie
