Ireland needs to speed up public policymaking, reduce red tape and delays in planning, boost innovation and invest in AI, the Government’s second annual competitiveness summit will be told on Monday morning.
The event will be attended by the Taoiseach and the Tánaiste as well as the economic and budget Ministers, and will be addressed by Frances Ruane, chair of the National Competitiveness and Productivity Council, on the key challenges facing the country as the world enters an unpredictable and uncertain age.
The IDA and Enterprise Ireland will also brief the political leaders on the needs of their client companies.
Minister for Enterprise Peter Burke will tell Cabinet colleagues that major investment in certain areas is needed to ensure Ireland does not lose out on the jobs of the future, identifying a number of key areas to retain and attract foreign direct investment.
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As well as speeding up policymaking, the conference will hear that Ireland needs to reduce the administrative burden on SMEs, boost the use of modern methods of construction to speed up building projects, spend more on research, especially on AI, and simplify the regulatory environment for businesses.
Government sources say that a consistent message in a series of meetings held by the Taoiseach with multinationals has been that the EU is falling behind on AI because of over-regulation.
The Tánaiste, meanwhile, will tell the summit that the focus is on working constructively to protect Irish jobs and investment.
