Irish travellers visit Spain and Portugal in their droves at least two million last year alone. While we have long exported our tourism to Iberia, the same cannot always be said for Irish firms.
Given the proximity of two Eurozone neighbours whose GDP is five times that of Ireland, with both offering gateways to growing domestic markets, and to Latin America and Africa, Irish exporters should take a closer look.
While both Spain and Portugal joined Ireland, Italy and Greece as the hardest hit economies during the recession, like our country, they have emerged showing above average Eurozone growth. With a population 10 times that of Ireland, Spain offers the larger market opportunity. Its GDP is €1.2trn, five times that of Ireland, while a growth rate of 2.1pc has been forecast by the International Monetary Fund for 2019.