Ambassador Invites Shenzhen Companies to Invest in Ireland

Ambassador invites Shenzhen companies to invest in IrelandDuring the Shenzhen-Ireland Business Reception, Irish Ambassador Declan Kelleher said that the Irish economy is strongly rebounding following the financial crisis.

Kelleher said, during the meeting among 50 Shenzhen entrepreneurs and government officials that their exports have been growing and the country’s trade surplus is now ranked No. 2 in the European Union.
Kelleher also praised the close relationship Shenzhen and Ireland have had with both countries dealing in the high technology sector. Ireland is currently  the world’s second largest software exporter.

Kelleher also invited companies in Shenzhen to come and invest in Ireland, stating the the two countries have great potential for cooperation in aspects such as culture, tourism, education and technology. The country’s low 12.5 percent corporate tax rate  and educated workforce should help attract Chinese companies to the country. This is also a great time to invest in Ireland since commodity prices have returned to 2003 levels.

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