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Member of: Australian Group, BIS, CCC, CE, COCOM (cooperating country), CSCE, EBRD, EC, ECE, EIB, ESA, FAO, GATT, IAEA, IBRD, ICAO, ICC, IDA, IEA, IFAD, IFC, ILO, IMF, IMO, INTELSAT, INTERPOL, IOC, ISO, ITU, LORCS, MINURSO, MTCR, NEA, NSG, OECD, ONUSAL, UN, UNAVEM II, UNCTAD, UNESCO, UNFICYP, UNIDO, UNIFIL, UNIKOM, UNPROFRO, UNTAC, UNTSO, UPU, WHO, WIPO, WMO, ZC Diplomatic representation in US: chief of mission: Ambassador Dermot A. GALLAGHER chancery: 2234 Massachusetts Avenue NW, Washington DC 20008 telephone: (202) 462-3939 consulates general: Boston, Chicago, New York, and San Francisco US diplomatic representation: chief of mission: Ambassador William Henry G. FITZGERALD; Ambassador Designate Jean Kennedy SMITH (17 March 1993) embassy: 42 Elgin Road, Ballsbridge, Dublin mailing address: use embassy street address telephone: [353] (1) 687122 FAX: [353] (1) 689946 Flag: three equal vertical bands of green (hoist side), white, and orange; similar to the flag of the Cote d'Ivoire, which is shorter and has the colors reversed - orange (hoist side), white, and green; also similar to the flag of Italy, which is shorter and has colors of green (hoist side), white, and red *Ireland, Economy Overview: The economy is small and trade dependent. Agriculture, once the most important sector, is now dwarfed by industry, which accounts for 37% of GDP, about 80% of exports, and employs 28% of the labor force. Since 1987, real GDP growth, led by exports, has averaged 4% annually. Over the same period, inflation has fallen sharply and chronic trade deficits have been transformed into annual surpluses. Unemployment, at 22.7% remains a serious problem, however, and job creation is the main focus of government policy. To ease unemployment, Dublin aggressively courts foreign investors and recently created a new industrial development agency to aid small indigenous firms. Government assistance is constrained by Dublin's continuing deficit reduction measures. After five years of fiscal restraint, total government debt still exceeds GDP. Growth probably will moderate in 1993 as the heavily indebted and trade-dependent economy is highly sensitive to changes in exchange rates and world interest rates. Exports to the UK, Ireland's major export market, probably will be hurt by the recent appreciation of the Irish currency against sterling - for the
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