The relationship between Ireland and the United States is one of the strongest and most dynamic in the world, and it is characterized by deep economic ties. The bilateral nature of business between the two countries is evident in the significant investments made by Irish companies in the USA and by US companies in Ireland.
Investment by Irish Companies in the USA
Irish companies have been investing in the USA for many years, with a particular focus on technology, pharmaceuticals, and financial services. According to the US Bureau of Economic Analysis, in 2020, Irish companies invested a total of $105.6 billion in the USA. This investment created over 130,000 jobs across 50 states in the USA.
Investment by US Companies in Ireland
US companies have been attracted to Ireland due to its highly skilled workforce, favorable tax environment, and strong business-friendly policies. According to the Irish Central Statistics Office, in 2020, the USA was the second-largest source of foreign direct investment (FDI) in Ireland, with a total of $183.7 billion invested by US companies. This investment created over 180,000 jobs across the country.
The bilateral nature of business between Ireland and the United States is significant and highlights the strong economic relationship between the two countries. Investment by Irish companies in the USA and by US companies in Ireland has created jobs, fostered economic growth, and promoted innovation, while also deepening cultural ties between the two countries. This mutually beneficial relationship is likely to continue to strengthen in the coming years, as the two countries work together to promote economic growth and prosperity.
Sigmar will be leading private sector trade delegation Ireland Gateway To Europe (for it's 10th trip stateside), to Chicago, Boston and New York from March 27-31st. The delegation of 50 will be accompanied by former Taoiseach Bertie Ahern, former RTE correspondent Tommy Gorman and Kieran Cuddihy who will be broadcasting his Newstalk show, The Hard Shoulder, live from the trip.
Posted by on 13 March 2023