The first day of the Global Irish Economic Forum has been held at Dublin Castle.

270 members of the forum from 40 countries are meeting Ireland-based business and political leaders to discuss policy initiatives to increase job creation in Ireland.

It is the third time the forum has convened.

The delegates, drawn from Irish and Ireland-linked business and cultural figures around the world, will finalise a series of policy ideas that have been worked on during the two years since the last forum.

They cover the fields of technology, financial services, education and the domestic economy.

18 working groups, linked to the Government’s Action Plan for Jobs, will report tomorrow.

There is also a mentoring and networking session, connecting international forum members and 100 Irish small firms seeking to expand abroad.

Yesterday there were regional sessions with forum members and local entrepreneurs in Cork, Galway and Belfast.

This morning there was a follow-on announcement about the legacy of the tourism initiative The Gathering, which was launched at the last forum two years ago.

Arriving at Dublin Castle, Tánaiste Eamon Gilmore said this year's event comes as Ireland is trying to exit the bailout.

He said attendees will be looking at employment creation and areas of the economy to be improved.

He said the plan is to harness ideas and advice from those taking part in the forum.

Mr Gilmore said one idea they will look at involves an ageing strategy, with the goal of making Ireland the best place in the world to grow old.

To this end, he said they will be considering silver technologies and joining up with the pharmaceutical industry.

Full coverage of the forum is available on

Speaking at the forum, Minister for Transport Leo Varadkar said it will be another seven to ten years before another Gathering is promoted.

He said this year's event has been a huge success and looks like it will exceed the target of 325,000 visitors by year end.

By the end of August this year, an extra 291,000 visitors came to Ireland compared to 2012.

For next year, Mr Varadkar said they will build on successful events of 2013 but they will be putting Irish scenery back centre stage, developing the Wild Atlantic Way and promoting the Emerald Isle Classic American Football game and the International Cycling Race the Giro d'Italia.