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Bruton publishes independent study on Transatlantic Trade and Investment Partnership
Minister Bruton and EU Commissioner for Trade Cecilia Malmstrom pictured at Dublin Castle earlier
Ireland’s GDP would be increased by 1.1% and 5,000-10,000 extra jobs would be created in exporting sectors if a comprehensive trade and investment agreement is secured between the EU and the US, according to an independent economic impact study published today.
The report was launched today by Jobs Minister Richard Bruton at an event this morning in Dublin Castle attended by Cecilia Malmstrom, EU Commissioner for Trade, as well as lead author of the report Martin Hvidt Thelle.
Other findings of the report, entitled ‘TTIP Impact in Ireland’, are that a comprehensive deal would:
· increase Irish real national income by €2.4billion, (approx 1.5%)
· increase real wages by 1.5%, impacting all skill groups, with low skill groups seeing a higher impact (1.9%)
· increase exports by 3.8%
· increase investment in Ireland by 1.5%
· increase trade with third countries as well as with the USA
See link to report 'TTIP Impact in Ireland Study' below:
http://www.enterprise.gov.ie/en/Publications/TTIP-Impact-in-Ireland-Study.pdf