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Introduction to Enterprise Ireland – China Dublin Solicitors Bar Association Beijing, 17 th September, 2008. Alan Buckley . Basic Facts. Economy. Irish Trade with China. Imports ( € million). Enterprise Ireland Offices in China. Enterprise Ireland Mission.
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Introduction to Enterprise Ireland – ChinaDublin Solicitors Bar AssociationBeijing, 17th September, 2008 Alan Buckley
Enterprise Ireland Mission • “To accelerate the development of world-class Irish companies to achieve strong positions in global markets resulting in increased national and regional prosperity”
Enterprise Ireland support services in China • Market research • Key buyer introductions and presentations • Advice on establishing an overseas market presence • Providing a range ofmarketplace services • Partnership assessments • Helping to source alternative suppliers • Trade Missions / Exhibitions / Sectoral Visits • Incubator space
Asia Strategy Programme (2005/2009) • 1st phase launched 1998 (1999 – 2004) • €2million provided for various initiatives • Exports increased from €3.6billion to over €6billion • Exports to China increased average 20% annually between 1998/2003 • By 2004 some 96 Irish companies had established • 2nd phase launched following An Taoiseach’s visit to China in Jan 2005 • 8 Priority countries (China, Japan, Korea, Singapore, India, Malaysia, Indonesia, Vietnam) • Seeking to increase the level of Irish exports to over €9billion • Exports (include services exports) to 8 priority countries already €9.013 billion end 2007 (CSO) • Target of 215 co’s in Asia (220 already established – 80+ in China
The China Risk Factor • Political Risks • Moral Risks • Government Risks • Environmental/Health Risks • Intellectual Property Risks • Legal / Financial • Licensing & Operational Risks • Business Cultural Risks