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Brian Cotter - US Ireland Two-Way Econ Relationship

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Presentation to Fiscal.ie seminar on US Corporate Income Tax Reform: Consequences for Ireland (May 3rd 2017)

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Brian Cotter - US Ireland Two-Way Econ Relationship

  1. 1. Sub @americanchamber americanchamber Presentation to the Foundation for Fiscal Studies www.amcham.ie US-Ireland Two-Way Economic Relationship
  2. 2. Ireland is home to over 700 US companies
  3. 3. Why do US Companies Invest in Ireland ? Competiveness 1st for the most competitive country in the Eurozone Talent 1st in the world of workforce flexibility Innovation 7th out of 128 countries in the 2016 Global Innovation Index
  4. 4. Total U.S. Foreign Direct Investment Stock in Ireland 0 50 100 150 200 250 300 350 00 01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 Source: Bureau of Economic Analysis. (Billions of $)
  5. 5. Top US FDI Destinations*
  6. 6. 0 5 10 15 20 25 30 35 40 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 The World's Largest Economic Entity (Gross Domestic Product) (Trillions of nominal $) *Transatlantic Economy = EU28 + U.S. + Iceland + Norway + Switzerland. Source: International Monetary Fund. Data as of March 2017. Transatlantic Economy* China + India
  7. 7. Manufacturing Employment of U.S. Foreign Affiliates** in Ireland 56.9 53.3 55.2 55.4 56.9 54.4 48.7 48.2 47.2 48.5 50 52 20 25 30 35 40 45 50 55 60 05 06 07 08 09 10 11 12 13 14 15* 16* (Thousands of Employees) *Author estimates **Majority-owned nonbank affiliates (2005-2008). Majority-owned bank and nonbank affiliates 2009-2016. Source: Bureau of Economic Analysis.
  8. 8. The Two-Way Business Relationship
  9. 9. Social Impact Of US FDI
  10. 10. Future Investment Location Drivers : Digitalisation & Automation Talent over Low Cost Metro over Country Business Competitiveness Doing More in Less Locations Preparing to Serve New Markets
  11. 11. Sub @americanchamber americanchamber Presentation to the Foundation for Fiscal Studies www.amcham.ie US-Ireland Two-Way Economic Relationship

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