'China is Ireland’s largest trading partner in Asia, with trade valued at over €14 billion in 2020"
Economic and cultural ties between Ireland and China have been growing steadily over the years, fostering a mutually beneficial relationship and In 2021, the two countries celebrated 42 years of diplomatic relations.
Ireland and China have a growing relationship built on positive business and investment ties. Over the past few years, both countries have worked to strengthen their economic cooperation, resulting in a number of successful partnerships and investments.
China is Ireland’s largest trading partner in Asia. With trade valued at over €14 billion in 2020. Ireland exports a range of high- quality products to China, including medical devices, pharmaceuticals, and food and beverage products.
In turn, China exports goods such as machinery and equipment, textiles, and electronics to Ireland.
A number of Chinese companies have established a presence in Ireland, such as Huawei and CRRC. These companies have invested in Irish startups and technology firms, attracted by Ireland’s pro business environment and highly skilled workforce. This investment has not only benefited Chinese companies, but also Irish businesses and the wider economy, contributing to job creation and economic growth.
The Irish government has also been proactive in fostering positive relations with China. For example, Ireland became a founding member of the Asian Infrastructure Investment Bank (AIIB) in 2018, which provides funding for infrastructure projects across Asia, including in China. The establishment of the Ireland-China Science and Technology Forum and the Ireland-China Business Association further highlights the positive relationship between the two countries.
Overall, the relationship between Ireland and China is characterised by a growing mutual respect and a shared commitment to economic growth and development. With both countries committed to further strengthening their cooperation, the future looks bright for this dynamic partnership
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