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Asia Matters Business Awards celebrate record €120bn Ireland-Asia trade

Written by Robert McHugh, on 2nd Nov 2023. Posted in World

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The Asia Matters Business Awards will be taking place at the Radisson Blu Royal Hotel, Golden Lane, Dublin, on November 15 and the black-tie event is being hosted by journalist and TV presenter, Gráinne Seoige. 

Honours up for grabs include Exporter of the Year, Financial Services and FinTech Exporter of the Year, Technology Exporter of the Year and Tourism Partner of the Year.

The free-to-enter awards are organised by business organisation Asia Matters, in conjunction with DETE, IDA Ireland and Enterprise Ireland.

Record Trade

At the launch of the awards in May, it was announced by then Secretary General at DETE, Dr Orlaigh Quinn, that Ireland was on course to reach €100 billion worth of two-way trade with Asia by 2025.

Four months later, Dr Quinn’s successor, Declan Hughes, revealed at an Asia Matters conference in Donegal that Irish trade with the region is now worth €120 billion.

'New Contracts'

“At Asia Matters – along with state agencies including Tourism Ireland, Enterprise Ireland, IDA Ireland and Bord Bia – we constantly strive to create strong and long-lasting business and cultural links between Asia and Ireland,” said Asia Matters’ Executive Director, Martin Murray.

“Winning new contracts across Asia takes time and effort but the rewards are always worthwhile." 


Previous winners include Monaghan-based forklift manufacturer Combilift, which recently announced it was creating a network of sales support agents across Asia, Ireland’s only billion-euro food brand, Kerrygold and Galway med-tech company Aerogen, which last year partnered with Chinese pharma giant CanSinoBio to develop an inhaled Covid-19 vaccine.

Murray said trade between Ireland and the world’s wealthiest region has more than doubled in five years.

'Over Double'

“In 2018, the value of Ireland’s Asian trade was €56 billion,” said Murray.

“It is now well over double that amount, and it is only right that the businesses who helped achieve this record figure are recognised for all their hard work.”

Source: www.businessworld.ie

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