Secretary of State for Northern Ireland speech at the British-Irish Chamber of Commerce
Date: 25 March 2023 Location: Belfast, Northern Ireland
Speech by the Secretary of State for Northern Ireland, Chris Heaton-Harris MP.
Introduction
Good morning, ladies and gentlemen. It is a pleasure to be here with you today at the British-Irish Chamber of Commerce. This is a vital organisation that plays a key role in promoting trade and investment between our two countries.
I am particularly pleased to be speaking to you at this time, as we mark the 25th anniversary of the Good Friday Agreement. This historic agreement has brought peace and stability to Northern Ireland, and has created a new era of cooperation between the UK and Ireland.
The British-Irish Chamber of Commerce has been a key part of this success story. You have helped to build bridges between our two countries, and you have played a vital role in promoting economic growth and prosperity.
The Economic Benefits of the Good Friday Agreement
The Good Friday Agreement has had a transformative impact on the Northern Ireland economy. Since the agreement was signed, the economy has grown by over 50%, and unemployment has fallen by more than half.
This growth has been driven by a number of factors, including:
- increased investment from both domestic and foreign investors
- the development of new industries, such as tourism and technology
- the expansion of cross-border trade
The Good Friday Agreement has also created a new era of cooperation between the UK and Ireland. This cooperation has helped to create a more stable and prosperous environment for businesses in both countries.
The Importance of Cross-Border Trade
Cross-border trade is a vital part of the Northern Ireland economy. In 2021, the value of goods and services traded between Northern Ireland and the Republic of Ireland was over £4 billion.
This trade is important for businesses on both sides of the border. It provides businesses with access to new markets, and it helps to create jobs and boost economic growth.
The Good Friday Agreement has helped to facilitate cross-border trade by creating a common economic space between the UK and Ireland. This has made it easier for businesses to trade across the border, and it has helped to reduce the costs of doing business.
The Future of the Northern Ireland Economy
The Northern Ireland economy is facing a number of challenges, including:
- the impact of Brexit
- the rising cost of living
- the ongoing need to address the legacy of the past
However, I am confident that the Northern Ireland economy has a bright future. We have a skilled workforce, a strong entrepreneurial spirit, and a supportive government.
We are also committed to working closely with the Irish government to create a more prosperous and stable future for all the people of Northern Ireland.
Conclusion
The British-Irish Chamber of Commerce has played a vital role in the success of the Northern Ireland economy. You have helped to build bridges between our two countries, and you have played a key role in promoting economic growth and prosperity.
I am confident that the Northern Ireland economy has a bright future. We have a skilled workforce, a strong entrepreneurial spirit, and a supportive government.
We are also committed to working closely with the Irish government to create a more prosperous and stable future for all the people of Northern Ireland.
Thank you.
Secretary of State for Northern Ireland speech at the British-Irish Chamber of Commerce
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