Minister Bruton departs on 5-day 3-city trade and investment mission to China and Korea
41 Irish companies to participate in Enterprise Ireland programme targeting increased exports to high-growth Asian market
13 IDA meetings and events aimed at persuading Asian companies to invest and create jobs in Ireland
21st June 2014
The Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, today (Saturday 21st June, 2014) departs on a 5-day, 3-city trade and investment mission to China and Korea, jointly organised by Enterprise Ireland and IDA Ireland.
This is Minister Bruton’s 21st trade/investment mission since taking office 40 months ago. This Government has doubled the number of trade missions since taking office, as part of its strategy to support increased exports and jobs.
41 Irish companies are participating on the trade mission with the Minister.
The 5-day mission to Beijing, Shanghai and Seoul comprises a total of over 40 meetings and events, including:
- 16 meetings/events aimed at supporting increased exports by Irish companies to Asia, by facilitating contacts and enhanced relationships with Asian companies and public bodies, organised by Enterprise Ireland.
- 13 meetings with Chinese and Korean companies considering investing in Ireland, organised by IDA Ireland.
- 6 meetings with Government Ministers and Agencies, as part of a strategy to build relations with the Chinese and Korean Governments on economic issues.
- Key note speeches at two high-level China Ireland Technology Summits in Beijing and Shanghai organised by Enterprise Ireland/IDA Ireland with Atlantic Bridge and West Summit Capital.
- 3 meetings with Chinese and Korean media, as part of the plan to communicate the story of Ireland’s recovery around the world.
Speaking before departing today, Minister Bruton said:
“At the heart of the Government’s plans for jobs and growth is our determination to rebuild a new sustainable economy based on exports, innovation and enterprise. We have put in place a range of new supports for exporters, including extra resources in foreign markets for the job-creation agencies, a new Potential Exporters Division in Enterprise Ireland, tax incentives to attract key multinational executives and to support Irish companies to place staff in foreign markets, and we have also doubled the number of trade missions.
“Key growth markets in Asia are particular targets, and since the Taoiseach and I travelled to China in 2012 on a high-level official visit, the Government has stepped up our efforts to improve our performance in exports to this region. This has started to show results, with for example a 23% increase in Irish companies’ exports to China in 2013. On the FDI side, China and Korea are home to some of the biggest companies in the world, many of whom are interested in Ireland as a gateway to Europe.
“Given the opportunity that exists in these massive markets, I am determined to build on this progress, further increase our exports and support the jobs in Ireland that we need”.
The programme for the trade and investment mission has been organised by the Agencies of Team Ireland and the Irish Embassy in each country.
Media Contact Information
Department of Jobs, Enterprise and Innovation – Press Office
Tel. +353 1 631 2200
email firstname.lastname@example.org or Conor Quinn, Press Advisor at tel. +353 87 3743783
NOTES FOR EDITORS
The Action Plan for Jobs includes a commitment by Government to carry out an intensive programme of Ministerial-led trade and investment missions.
Since the Plan was launched in early 2012 the number of trade missions led by Enterprise Ireland, for example, has doubled, from an average of 8.5 (2007-2011) to an average of 17 (2012 and 2013).
This is Minister Bruton’s 21st major trade/investment mission in more than three years since taking office in March 2011. The 20 previous missions undertaken comprise:
- Six IDA investment missions to the USA, three to the east coast, two to the west coast and one encompassing the East Coast, South and Mid-West.
- Six Enterprise Ireland trade missions, one to Texas, one to the south-eastern USA, one to India, one to Saudi Arabia and India, one to Canada and one to France accompanied by hundreds of Irish companies looking to break into new export markets.
- A 7-day joint EI/IDA mission to China led by the Taoiseach in 2012, and a further joint EI/IDA mission to China and Japan led by Minister Bruton in 2013.
- A joint 5-day EI/IDA mission to the USA in March 2014.
- An EI mission to the Gulf led by the Taoiseach in January 2011.
- A joint trade mission to Singapore and Malaysia with the UK and NI Governments.
- A 5-day EI/IDA trip to the west coast of the USA built around St Patrick’s Day 2012.
- A 4-day mission to Germany around St Patrick’s Day 2013, and a 2-day mission to Germany around St Patrick’s Day 2011, including a series of meetings arranged by IDA Ireland, Enterprise Ireland, Bord Bia and Tourism Ireland.
Sunday, 22 June 2014 (Beijing)
15.05 Arrive Beijing
18.00 Short Briefing/Review of Programme with Team Ireland, China
19.00 Informal meeting with Irish participating companies
Monday 23 June (Beijing)
07.45 Depart Hotel
08.30 Seminar: An Introduction to Doing Business in China by CKGSB
Participants: China leg Trade Mission Companies
Short Bilateral meeting with leadership of CKGSB
10.30 Meeting with IDA target company (financial services)
12.15 Arrive at Summit Conference venue
Light Working Lunch/Briefing Opportunity
13.00 Ministerial individual company meetings
13.00 Slot 1 IDA Client
13.25 Slot 2 IDA Client
13.50 Slot 3 EI client
14.15 Brief meeting with Deputy Director General of CIETC
14.30 China Ireland Technology Summit
Focus: Irish & Chinese technology companies, 150 attendees
15.30 Further Ministerial individual company meetings
15.55 Slot 4 IDA
Slot 5 (EI)
Slot 6 (EI)
Slot 7 (EI)
Slot 8 (EI)
17.00 Media Engagement interview with Bloomberg Business Week China - MSL
18:30 Briefing with Irish attendees at dinner
19.30 Private Dinner with 8-10 Chinese leading technology companies in conjunction with IDA and Enterprise Ireland, hosted by Ambassador
Tuesday 24 June (Beijing)
08.30 Depart Hotel
09.30 Meeting with Meeting with leadership of Chinese sovereign wealth fund, accompanied by NTMA
11.00 Meeting with Ministry of Commerce
14.00 Meeting with IDA target company (financial services)
16:00 Enterprise Ireland meeting, energy sector
18.00 Depart City for Airport
20.00 Depart on flight to Shanghai
Wednesday, 25 June (Shanghai)
07.40 Depart Hotel (Travelling delegation check-out)
08.00 Business Breakfast with Enterprise Ireland client and Chinese partner company
10.00 Meeting with IDA target company, pharma sector
11.10 Media Engagement
11.55 Meeting IDA client, ICT sector
13.15 Ministerial individual company meetings
Slot 1 (EI)
Slot 2 (EI)
Slot 3 (EI)
14.00 Meeting slots end
14.15 Meeting with Shanghai Municipal Government Representatives
14.45 China Ireland Technology Summit
Focus: Irish & Chinese technology companies, 80-100 attendees
15.30 Minister and delegation depart for Pudong Airport
16.20 Arrive Pudong Airport
18.05 Depart Shanghai for Seoul,
Wednesday, 25 June 2014
20.45 Minister and Delegation Arrive
Thursday, 26 June 2014 (Seoul)
08.30 - 9.30 Breakfast briefing for Minister Bruton on Programme in Seoul
10.30 Meeting with IDA target company, life sciences sector
11.30 Informal Lunch
12.30 Depart for Incheon
14.00 – 15:00 Meeting with IDA target company, technology sector
16:30 – 18:15 Media Interviews
The Korea Joongang Daily
Hankyung (The Korea Economic Daily)
18:30 – 21:00 Ireland Korea Business Networking Event
Friday, 27 June (Seoul)
8:40 Meeting with Korea Biomedicine Industry Association (KOBIA)
10:00 Meeting with President of Korea International Trade Association (KITA)
11:00 – 12:00 Life Science Sector Briefing by Country Managers & Korean partners
12:00 – 13:30 Enterprise Ireland Trade Lunch
14:00 Meeting with IDA client company
16:00 Meeting with Minister of Science, ICT and Future Planning (MSIP)
17:00 Meeting with EI client and Korean partner company
23:50 Minister departs Incheon Airport for Ireland