350 Attend Major China Trade and Investment Forum with Vice President Xi Jinping
Enterprise Ireland today [Monday 20th February, 2012] announced that indigenous Irish exports to China grew by 10pc in 2011, for the second year in a row and the agency is aiming for a further 15pc growth in 2012.
Frank Ryan, CEO, Enterprise Ireland pictured at Enterprise Ireland's China Trade and Investment Forum
Enterprise Ireland made the announcement at the major China Trade and Investment Forum of more than 350 business delegates from Irish and Chinese firms. China’s Vice President Xi and An Taoiseach Enda Kenny T.D. attended the forum which was organised by Enterprise Ireland, IDA, Bord Bia and Science Foundation Ireland as part of Vice President Xi’s official visit to Ireland this week.
Enterprise Ireland is reporting that client exports to China grew by 10% in 2010 to €251m and initial estimates show that 2011 delivered a further 10%. The agency is aiming for a 15% growth in indigenous exports to China in 2012. More than 200 Irish companies are exporting to China – 140 of them have offices in China.
Speaking at the event, Enterprise Ireland CEO Frank Ryan said:
“The visit to Ireland by Vice President Xi is hugely significant in terms of Ireland’s export-led recovery. China is a priority market for Enterprise Ireland and we’re working intensively with Irish companies to help them access growth opportunities in China.”
Frank Ryan added: “We are proud of our clients’ performance that has seen them grow Irish exports to China by 10pc year on year. This makes China the number one destination for indigenous Irish exports in the Asia region.”
The China Ireland Trade Forum involved several presentations to highlight Ireland’s strengths to the Chinese delegation such as high-end technologies from Ireland; Ireland as a location for 3rd level education for Chinese Students; Ireland as a source of some of the worlds leading food products to include dairy, meat and beverages and Ireland as a compelling investment location.
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About Enterprise Ireland and China
Enterprise Ireland supports Irish companies to do business in China through its three offices in China (Shanghai, Beijing and Hong Kong) and through client events such as trade missions, trade fairs, market study visits and inward buyer visits (where we bring Chinese buyers from a particular sector to Ireland to meet with potential Irish suppliers)
One to one engagement with clients, client buyers introductions, market intelligence support, establishment of a local presence are other important support activities.
Enterprise Ireland is proactively developing a number of key sectors where clear opportunities have been identified for its Irish client base in China. These include education services, Aviation/Aerospace, Financial Services, Software/IT, Life Science/Medical Devices, Cleantech, Agri Machinery/services.
Enterprise Ireland is also responsible for the promotion of Irish education to overseas students and one of the strongest links between our two countries is in education.
There are now around 5,000 Chinese students in third level education in Ireland with many more studying on English language courses. Chinese students are the largest cohort of international students in Ireland from outside the EU.
Irish universities and other education institutes now have some 126 Joint programmes in place between Irish & Chinese Universities. 14 Irish institutes have their own offices in China, including all seven of our Universities.