Vice president Xi Jinping visits Ireland
China’s vice president Xi Jinping attended the China Trade and Investment Forum organized by Enterprise Ireland, IDA, Bord Bia and Science Foundation Ireland.
The visit of China’s vice president Xi Jinping has already delivered the signing of two agreements at Dublin Castle, promoting trade between China and Ireland. Both agreements were signed by the Minister for Jobs, Enterprise and Innovation, Richard Bruton and China’s vice minister of Commerce, Gao Hucheng. Hucheng is also China’s International Trade Representative.
The first assignment scheduled a programme of events to promote collaboration between Irish and Chinese companies. Enterprise Ireland is the main partner in this programme and already has three offices in China – supporting trade between Irish and Chinese markets.
Looking to China
Enterprise Ireland reported that its clients’ exports to China rose by 10% in 2010 to €251 million; initial estimates show that 2011 delivered a further 10%.
According to the government, the other agreement consists of creating a working group to encourage investment between China and Ireland. Foreign direct investment has increased in the previous year and will continue thanks to these agreements.
Over 200 Irish companies are already exporting to China and more than half that number have offices there.
The main opportunities to enter the Chinese market lie in the following key sectors: aviation, education services, financial services, health, software, and agricultural machinery.
The more Irish and Chinese companies collaborate, the more we will be happy to help them connect and communicate effectively (with their partners in the Chinese language).
The STAR Team