Blog: Ireland's food sector can drive economy, say manufacturers
Michelle Russell | 31 July 2012
Ireland's food industry will create 30,000 new jobs across the economy by 2020, it has been claimed.
In a report published this week, industry association Food and Drink Industry Ireland (FDII) claims that if Ireland's Government puts the "right policies" in place, the sector, "more so than any other in manufacturing", will drive growth in the country's wider economy, which has had a difficult number of years.
FDII maintains support could also ensure the sector will also deliver ambitious exports of EUR12bn within the next eight years.
"The sector's exports have already rebounded from lows experienced in 2007 and reached a new high last year," said FDII director Paul Kelly. "However, continued export growth and the accompanying job creation are only possible if public policy is aligned with the needs of the sector.
"Ireland's food and drink sector is deeply embedded in the Irish economy, which means that an increased focus on food will drive growth in the wider economy as well as in the sector itself."
The report, which can be read here, outlines how to achieve ambitious targets and the needs for the sector, including financing facilities to support expansion and the development of new companies.
Since Theresa May took over as UK Prime Minister in the wake of the country's referendum vote to quit the European Union, she and her ministers have been at pains not to divulge their negotiating posi...
Greenpeace's long-running campaign against UK tuna brand John West, owned by seafood giant Thai Union, is now directing its fire against Sainsbury's....
The Obama administration appears to have conceded the landmark Trans-Pacific Partnership (TPP) trade deal will not be pushed through in the lame-duck session of Congress before Donald Trump is inaugur...
- Unilever 2016 investor day - the top takeaways
- Have food promotions reached tipping point?
- Mondelez goes beyond certified cocoa - analysis
- What Premier CEO Gavin Darby thinks about Brexit
- How Tyson's new CEO plans to grow the meat group
- Nestle unveils process to cut sugar by 40%
- Putin 'wants embargo to run as long as possible'
- Unilever sets new margin target with help from ZBB
- Unilever focuses on "value" of spreads arm
- McCormick to buy flavours business Enrico Giotti