CHAPTER 35 – INTERNATIONAL TRADE AND GLOBALISATION
Ireland’s main trading partners are the United Kingdom, Germany and France. Outside of the EU, its main trading partners are the United States and China.
i
An open economy is an economy in which goods and services are freely traded with other economies.
Enterprise Ireland is the government organisation responsible for the development and growth of Irish businesses in world markets.
Enterprise Ireland
In groups, research a recent trade event or mission undertaken by Enterprise Ireland (enterprise-ireland.com). Present your findings to the class.
IMPORTS AND EXPORTS
Ireland’s trade with countries around the world makes up a large percentage of the country’s GDP. • Imports are the goods and services bought from other countries (e.g. foreign-made cars).
• Exports are the goods and services sold to other countries (e.g. Irish beef).