US Trade and Investment Delegation Welcomed to Northern Ireland
Enterprise, Trade and Investment Minister Jonathan Bell has welcomed a US Trade and Investment Delegation to Northern Ireland.
Speaking after the meeting in Londonderry Jonathan Bell said: “For many years now the United States has been an important investment and trading partner and also a great friend of Northern Ireland. The US remains our number one foreign direct investor with 175 US companies employing nearly 24,000 people in Northern Ireland. Just over £1billion of goods are also currently exported to the US by local businesses.
“Combined with our existing strengths of a talented workforce and our competitive cost base, a reduced rate of Corporation Tax will significantly add to the attractiveness of Northern Ireland as an investment location for existing and potential new investors, as well as bring benefits to our local business base. Indeed, no region in Western Europe will have a lower rate of Corporation Tax. And coupled with government support through Invest Northern Ireland for job creation, training and Research, Development & Innovation, Northern Ireland will be one of the most attractive location propositions in Western Europe.
“I am delighted that we will have an even more attractive package to offer potential US investors in terms of tax, talent and value for money. Going forward I hope we can build on our strong links with the United States as we continue to develop our reputation as a great place in which to work, live and do business.”
U.S. Secretary of State John Kerry’s Special Representative for Global Partnerships Drew O’Brien who is leading the delegation, said: “I welcome the Northern Ireland Executive’s commitment to build on our existing successes in two-way transatlantic trade and investment. Our visit has reinforced my belief that Northern Ireland is extremely well placed to compete and collaborate on a global economic stage”.