A groundbreaking blueprint for an all-island economy is to be unveiled by the British and Irish governments.
A host of concrete initiatives to strengthen the economy with North and South co-operation have been flagged up.
Pooling together resources in overseas trade promotion, mixing the right skills to support sustained growth, greater collaboration in research and development, and developing a world class infrastructure have been earmarked to benefit cross boarder economic activity.
Irish Minister for Foreign Affairs, Dermot Ahern, and Secretary of State for Northern Ireland Peter Hain, believe the co-ordinated policies can and will deliver benefits to citizens and businesses both in Northern Ireland and the Irish Republic.
The move focuses on increasing co-operation in infrastructure, science, technology and innovation, trade and investment promotion, labour market and skills and enterprise and business development.
Mr Ahern said the important study makes clear the strong economic imperative driving North/South co-operation.
"To be globally competitive we must exploit the opportunities of all-island collaboration," he said.
"To make the knowledge economy a reality in Ireland North and South, the opportunities of cross-border co-operation in R&D should be eagerly grasped."
The two governments, along with business representatives, trade unions and other key stakeholders, will now jointly develop a detailed programme of work in each of the areas identified, as well as seeking further opportunities for co-operation in the education and health sectors.
Both ministers said they are looking forward to forming an important part of the work of the restored institutions.
Mr Ahern said: "In the area of infrastructure, more joined up planning and delivery will give better outcomes for people throughout the island.
"A coherent transport infrastructure is vital to support the development of areas which have historically enjoyed less economic success including the border counties and the North West."
The Secretary of State for Northern Ireland, Peter Hain, welcomed the key outcomes from the study.
"It sets out a compelling vision of a strong competitive and socially inclusive island economy with island wide clusters whose strength and development is not impaired by the existence of a political border," he said.
"This must be our aim if we are to move forward and deliver sustained economic benefits for everyone. I look forward to further development and implementation of the goals and actions contained in the Study both in the weeks to come and as part of the agenda of the restored institutions."
The full initiatives are:
:: Pooling resources in overseas trade promotion.
Trade missions to be opened up to companies, North and South, as will access to the overseas offices of Enterprise Ireland and Invest NI.
:: The right skills mix on the island to support sustained growth
Targeted Skillnets networks to be opened up on an all-island basis to facilitate enterprise training and workplace learning. Both expert skills groups North and South to take a new all-island approach to labour market skills forecasting to identify skills gaps and propose how these should be addressed.
:: Greater collaboration in R&D
The next Irish Government call for proposals for a new Centre for Science, Engineering and Technology opened up to Universities and institutes across the island; new Programme to support SMEs in maximising the potential for cross-border co-operation under the EU`s R&D funds; an all-island Mapping Study of Centres of Research and Technological Development on the island.
:: A world class infrastructure on the island
More efficient and joined-up planning and delivery on key infrastructure, including transport, energy and telecoms will deliver better value for money and more balanced regional development
Mr Ahern told Dundalk Chamber of Commerce that in the globalised world the two parts of this island can achieve so much more together than apart.
"No-one today can be economically Partitionist, because failure to advance the all-island agenda means failure to provide jobs and services and prosperity to the people of the border counties and the entire Island," he said.
"Under this blueprint the British and Irish Government`s have agreed to bring North/South economic co-operation to a new plain.
"From now on you will see more efficient and joined-up planning and delivery on key cross-border infrastructure, including transport, energy and telecoms."
http://www.u.tv/newsroom/indepth.asp?id=77512&pt=n



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