The president of the local Chamber of Commerce has said the GPCE jobs announcement highlights the need for the North to be competitive with the South.
Padraig Canavan said the Chamber will be raising the issue with the Executive.
“Global Pharmaceuticals has said that the decision was made, primarily, because the Corporation Tax rate in the Irish Republic is significantly lower than in Northern Ireland. This is a significant handicap for Northern Ireland, and the border counties in particular. It is incredibly difficult for us to compete for inward investment with the Republic. We need to be competitive with the Republic on Corporation Tax.
“But there are other factors which also need to be addressed to encourage greater inward investment. These are our skills base and our accessibility through our transport infrastructure,” Mr Canavan said.