The North's Finance Minister, Peter Robinson has said he hopes the power-sharing executive at Stormont and the Irish Government will be able to devise innovative schemes that will help both economies.
Mr Robinson favours selling off state assets to raise capital for the new administration.
He said the executive had made a political case to the British government to have the rate of corporation tax lowered in the North.
While welcoming Aer Lingus's decision to establish itself in Belfast, he said the concerns raised by people in Shannon were understandable.
