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An RTE article covering comments from EU Trade...>

EU
EU: An RTE article covering comments from EU Trade Commissioner Hogan is doing
the rounds:
- EU Trade Commissioner Phil Hogan has rejected a call by US President Donald
Trump for American pharmaceutical companies to move their manufacturing back to
the United States. Mr Hogan said: "American companies don't locate in Ireland
just because they like Ireland, they do so because they make money." "They save
EUR1.7bn in tariffs because they are located in Ireland in the European Union.
That is a significant amount of money."
- Mr Hogan made the comments from Brussels to an event hosted by the Institute
of International and European Affairs in Dublin. He also warned it could be 2024
before Ireland and other European economies fully recover from the economic and
trade effects of the Covid-19 crisis. The EU commissioner said unemployment will
rise across the trading bloc as member states struggle.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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