Dual market access provides foundation for future economic development, say Alliance representatives, following DBEC Summit

Alliance Economy spokespeople Kate Nicholl and David Honeyford have called for a clear plan of action from the Economy Minister for unlocking the full extent of cross-border economic opportunities, and to ensure the benefits of dual market access are fully exploited at the northern end of the Belfast-Dublin corridor.

Economy Kate Nicholl David Honeyford dual market access

They were speaking following their attendance at the inaugural Dublin-Belfast Economic Corridor summit in Belfast.

 

Lagan Valley MLA David Honeyford said: "Already established as an area of growing opportunity and prosperity, the Dublin-Belfast Economic Corridor represents one of the best options for sustainable and inclusive economic development anywhere in Europe. However, while the tax advantages at the southern end of the corridor are well established, we are still not exploiting the potential benefits of dual market access to the whole of the UK and the European Economic Area at the northern end.

 

"To ensure that Northern Ireland is at the forefront of maximising opportunities to create jobs and prosperity along the corridor, we need a clear plan from the Economy Minister on promoting dual market access both to local companies for export and to potential investors in manufacturing. This is even more important as long as development at the Maze-Long Kesh site, on which significant opportunities could be created with the right vision, remains stalled."

 

South Belfast MLA Kate Nicholl added: "We heard at the summit how greater cross-border collaboration has the potential to create value and opportunities for communities right along the corridor, but this requires political, financial and regulatory stability.

 

“Without that stability we will struggle to drive competitiveness, create a level playing field for businesses on both sides of the border, and maximise Northern Ireland's unique export proposition.

 

"We'd also like to see greater cross-border labour mobility and a common approach to skills and qualifications. Leveraging the capacity, potential and the complimentary nature of the different cities and regions along the corridor can fuel collective growth and bring real, tangible benefits to communities on both sides of the border, not least in the Greater Belfast area.”