Ireland’s Presidency of the Council of the European Union is an opportunity to play an active part in shaping Europe’s future - Leaving Cert Business - Question C - 2013

Ireland has benefited from over €17 billion in Structural Funds from the EU, providing vital financial resources to reduce regional disparities. These funds have been directed towards infrastructure development, public transportation, and enhancing social and economic frameworks, which in turn stimulate growth and create jobs.

Membership in the EU allows Irish businesses access to a vast internal market with approximately 500 million consumers. This opens avenues for export growth and investment opportunities, particularly for sectors such as technology and agriculture.

Under the Common Agricultural Policy (CAP), Irish farmers have been able to receive significant financial support. Between 1973 and 2008, these farmers earned approximately €44 billion from CAP, reinforcing the agricultural sector's viability and encouraging sustainable practices.

The stability of being part of the EU has provided Ireland with a conducive environment for attracting foreign direct investment (FDI). By maintaining a favourable economic climate, Ireland has positioned itself as an attractive destination for multinational corporations.

The EU framework has facilitated the harmonization of regulations across member states. This reduces administrative burdens and compliance costs for businesses operating within the EU, thereby promoting competitiveness and efficiency.