U.S. relations with Ireland have long been based on common ancestral ties and shared values. In addition to regular dialogue on political and economic issues, the U.S. and Irish governments benefit from a robust slate of exchanges in areas such as commerce, culture, education, and scientific research. With Ireland’s membership of the European Union (EU), discussions of EU trade and economic policies, as well as other aspects of broader EU policy, constitute key elements in the U.S.-Ireland relationship.
U.S. Assistance to Ireland
The International Fund for Ireland (IFI), established by the British and Irish governments in 1986, provides funding for projects to sustain the peace process and to generate cross-community engagement and economic opportunity in Northern Ireland (the United Kingdom) and the border counties of Ireland. The U.S. government has contributed more than $544 million to the IFI since its establishment.
Bilateral Economic Relations
Economic and trade ties are an important facet of overall U.S.- Irish relations. The United States is a major goods exporter to Ireland, ranking second only to the United Kingdom. U.S. goods exports to Ireland include pharmaceutical products, electrical components and equipment, computers and peripherals, aircraft, and optical/medical instruments. The United States is Ireland’s top export destination; about 27 percent of all Irish goods exports go to the United States. Irish goods exports to the United States include pharmaceutical products, organic chemicals, optical/medical instruments, and beverages. U.S.-Irish trade in services is growing as well. U.S. services exports to Ireland include intellectual property licenses, research and development, and management consulting services. Major Irish services exports to the United States include insurance and information services.