Minister of State with responsibility for Trade Promotion Robert Troy has said it is very positive to have "a friend coming into the White House".
Speaking on RTÉ's The Week in Politics, Mr Troy said the election of Mr Biden was important given his stance on the Good Friday Agreement.
Minister of State for Trade @RobertTroyTD says that President Joe Biden taking office will be a positive for Ireland in a variety of ways, from the Good Friday Agreement to trade #rtetwip #rtepolitics #USElectionResults2020 pic.twitter.com/4DwKE3y1lt— The Week in Politics (@rtetwip) November 8, 2020
Mr Troy said he hoped there will now be a de-escalation in tensions between the US and some EU countries.
"It's positive from the point of view of his commitment to climate change and how he's going to re-enter the Paris climate agreement and it's positive in terms of trade in terms of where he's on record wanting to rebuild allies that have been affected by the Trump administration over the last four years," Mr Troy said.
Mr Troy said Mr Biden faces a big task in trying to tackle the pandemic.
Speaking on the same programme, Sinn Féin's Youth Affairs spokesperson Kathleen Funchion said she was was eligible to vote in the US election through her dual citizenship and voted for Mr Biden and his running mate Kamala Harris, which she said is a big step in terms of having a future female president in the US.
Ms Funchion said Mr Biden has always been supportive of the Good Friday Agreement and ensuring there is no return to a hard border amid Brexit.
She said there is a "huge body of work" still to be done in the US as there are many issues remaining for American citizens.
Labour's Education spokesperson Aodhain Ó Ríordáin said his party felt very strongly that Mr Trump was not fit to be US president.
However, he said, it would be a "huge mistake" to cast all 71 million of those who voted for Mr Trump as having the same rhetoric and views as him.
Solidarity-People Before Profit TD Mick Barry said he was "delighted" Mr Trump was defeated.
He said people could end up taking to the streets to ensure Mr Trump leaves the White House.
He described Mr Biden is a "corporatist Democrat" and that he is "far more likely to rule for Wall Street than rule for Main Street".
Taoiseach Micheál Martin said the relationship between Ireland and the United States will strengthen under a Joe Biden presidency.
Speaking to RTÉ News yesterday, Mr Martin said the US and Ireland have a long and historic relationship that economically important in the modern era.
He said the US has played a key role in relation to peace on the island of Ireland in the past few decades and that US President-elect Biden is "very committed to that".
Mr Martin said he had no doubt Mr Biden would not approve of Brexit, but would respect the wishes of the UK electorate.
He added Mr Biden would not want to see anything that would undermine the Good Friday Agreement.
Asked about a potential visit to Ireland, the Taoiseach said he would extend an invite to Mr Biden once the situation allows for it.