Minister Nash leads 4-day Enterprise Ireland trade mission to Turkey
30 Irish companies seek to increase export sales to Turkey
20th October, 2014
The Minister for Business and Employment, Ged Nash TD, today (Monday 20th October, 2014) departs for Turkey on a 4-day Enterprise Ireland trade mission aimed at boosting trade between the two countries.
Organised in cooperation with the Irish Embassy in Ankara, the trade mission will visit Ankara and Istanbul and involves 30 Irish companies across a wide range of sectors, including Aviation, Engineering, International Education, ICT and Telecommunications with strong growth potential in Turkey.
Bilateral trade between Turkey and Ireland already stands at over €1.2bn with significant opportunities to further expand on this business. There are currently 135 Irish-owned companies exporting to Turkey, five of whom have a direct presence in the market and Enterprise Ireland client companies are focused on achieving significant growth in 2014.
Reflecting the potential of the Turkish market for Irish companies, Enterprise Ireland established a new overseas office in Istanbul in January 2014.
Speaking before his departure, Minister Nash said: “There are significant opportunities for increased trade and partnerships between Irish and Turkish companies. Bilateral trade between Ireland and Turkey is now more than €1.2 billion, and I believe that this figure can be increased to the benefit of both countries. We share a similar economic vision and there is a substantial benefit for us to build closer commercial relationships and to learn from each other. The objective of the intensive programme of activities this week is increased bilateral trade resulting in business growth and jobs here in Ireland, and also in Turkey”.
During the mission, Minister Nash will meet with the Turkish Minister for the Economy and senior officials on trade and economic cooperation, and hold a series of high-level business meetings with Irish companies and their existing or prospective Turkish partners and customers.
In Ankara, Minister Nash will be a keynote speaker at a leading Innovation Week Conference at which five Irish companies are also presenting. While in Istanbul the Minister will hold Press Briefings with Turkish media as part of the Government’s campaign to communicate the strong capabilities of Irish companies and Ireland’s attractiveness as a location for inward investment, and raise awareness of Ireland as a source of world-class, innovative products and services.
Kevin Sherry, Head of International Sales and Partnering at Enterprise Ireland, who is accompanying Minister Nash on the trade mission said: “A key element of Enterprise Ireland’s strategy is the determination to help our client companies grow their export sales in global markets. Turkey is one of Europe’s largest economies and the gateway to the whole Eurasian region with a combined market of over 220 million consumers. Turkey is also a market that presents clear growth opportunities for innovative Irish companies – which is why we opened our new office in Istanbul last January.
This visit is about helping our client companies to tap into these genuine business opportunities – ultimately helping to sustain and grow jobs in Ireland”.
Ministerial-led Trade missions are of critical importance in building on existing business links and opening new doors for increased exports and collaborative business ventures. The number of Enterprise Ireland Ministerial-led trade missions has more than doubled since 2011, supported by Ireland’s network of Embassies and Consulates. Growth in trade and investment resulting from trade missions supports jobs in Ireland, and is a central element of the Government’s Trade Strategy and Action Plan for Jobs.
For more information please contact:
Press Advisor to Minister Nash
+353 1 7272842
Notes for Editors:
Enterprise Ireland is the Government agency responsible for the development and internationalisation of Irish enterprises. Its main aim is to boost exports and the creation of export-led jobs. Enterprise Ireland has 32 offices worldwide to help Irish firms develop overseas markets.
Each year, Enterprise Ireland organises a series of targeted international Trade Missions, market visits, participation in international trade fairs and a large number of international buyer visits to Ireland focussed on assisting Irish firms target and securing international contracts and overseas partners. Enterprise Ireland works directly with Irish firms to help them start up, develop their businesses, build competitiveness and innovate.