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EU-China deal is big Irish opportunity

Wednesday, May 28 16:03:14

The trade agreement signed by the EU and China earlier this month will dramatically increase the opportunities for Irish exporters doing business in China.

In addition to the trade agreement an event organised by University College Cork, supported by the Asia Trade Forum, took place at Fota Island, Co Cork earlier this week.

The Irish Exporters Association (IEA) said that the aim of this event was to prepare food and drink exporters on market entry strategy and export procedures.

The event builds on the recently completed Mazars report on the future of the food and drink sector in Asia.

Alan Murray, author of the report and director of the IEA’s Asia Trade Forum noted that; "Projected growth rates in Irish exports to China are expected to reach 11pc per annum by 2030, followed closely by growth in exports to India and other Asian markets such as Vietnam, Malaysia and Indonesia."

"Entering the Asian market can be one of the most exciting stages in the development of a business and consideration should be given to the tax issues in both the domestic country i.e. Ireland and the host country," he added.