Belfast Telegraph

UK Website Of The Year

Home Opinion Letters

Trade missions are vital for our economy

Published 24/04/2012

Uup leader Mike Nesbitt says he sees little point in trade missions to America, the Middle East or India, demanding that the Executive and its agencies concentrate solely on "indigenous business".

Either he doesn't understand the dynamics of growing our economy, or he's simply determined to take cheap pot shots at Invest NI.

We certainly need to provide the best conditions to encourage home-grown companies to launch and expand. However, realistically, new start-ups will only ever be part of the picture.

We sorely need investment from abroad and that's one of the reasons why trade missions - organised by Invest NI - are vital.

Not only do foreign firms bring in the jobs we need to rebalance the economy, but they provide a vital lifeline to local businesses which enjoy a huge multiplier effect in terms of sub-contracted work and other benefits.

We always need to focus on the best means to create jobs and growth, as well as keeping an eye on the broader economic picture.

By all means we should look at how Invest NI can work better for local companies. But to suggest, as Mr Nesbitt does, that we shouldn't bother attempting to attract new foreign investment or increase exports, is nonsense.


Chairman, NI Conservatives

To email your letter to the Editor click here

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting?

Read More

From Belfast Telegraph