Irish deputy PM on Sino-Irish trade

CNC report from Dublin
Added On July 26, 2013

Eamon Gilmore, Ireland's deputy prime minister and minister for foreign affairs and trade, will pay an official visit to China this Sunday.

During an interview with CNC Correspondent Ross Leahy, he spoke positively about Ireland's relationship with China.

Economy Report has his words.

SOUNDBITE(ENGLISH): EAMON GILMORE, Irish Deputy Prime Minister
"I'm delighted to have this opportunity of visiting China. It will strengthen the relationship between Ireland and China which is very important to us and it will also enable us to have discussions with representatives of government, with political leaders, with business leaders with a view to strengthening the trade and investment between Ireland and China."

Gilmore says China is a priority market for Ireland.

SOUNDBITE(ENGLISH): EAMON GILMORE, Irish Deputy Prime Minister
"The trade between Ireland and China now is about eight billion euros per year. It is a very strong level of trade and we want to see that developed and grow. I think there are big opportunities for investment by Chinese companies in Ireland and there are big opportunities for investment by Irish companies with the growth of trade in China."

The deputy prime minister is confident that there are lots of advantages that Ireland has for attracting investment.

SOUNDBITE(ENGLISH): EAMON GILMORE, Irish Deputy Prime Minister
"First of all, Ireland is the only English speaking country in the euro zone. As we know English is now, in effect, the growing and becoming increasingly the language of international business. We have a young very versatile population very well educated. We have an openness in Ireland to working with people from many countries, we have a historic experience of inward investment in Ireland and we are a strong trading economy. We have in place a number of government agencies who know how to work with companies who are investing in Ireland, agencies like the IDA, Enterprise Ireland, our tourism body, our food, our food body all of these government agencies have an experience of working with companies who are investing in Ireland and who want to do business with Irish companies."

Ireland, he says, wants to increase its trade with China.

SOUNDBITE(ENGLISH): EAMON GILMORE, Irish Deputy Prime Minister
"At a time when we have seen recession in many countries, or at least very slow growth in some developed countries, the level of economic growth in China and the increase in demand from China has contributed enormously to the, to economic stability globally and of course China has contributed very significantly to the stabilization of the euro in Europe. Our strategy here in Ireland is to grow our economy and to create more jobs and to do that we have to trade, we have to attract additional investment and therefore the targets which have been set in China, particularly the targets for economic growth, mirror what we need to do here which is to increase our own trade and our own investment in order to get more growth in the Irish economy and in the European economy. And we have a particularly strong relationship with China, we have a joint economic commission with China which works on the mutual development of our economies and I think there is a very good fit between the targets which have been set in China and what we need to do in Ireland and in Europe to increase economic activity."