皇冠体育app

Vice-President Xi Jinping meets Irish Prime Minister Enda Kenny in Dublin on Sunday. [Photo/Xinhua]?

Vice-president's Irish trip brings trade bonanza, greater cooperation

DUBLIN - A joint investment promotion group was set up between 皇冠体育app and Ireland on Sunday as the Irish prime minister called for "every effort" to be made to realize the relationship's potential.

The agreement to set up the investment group was signed by the Ministry of Commerce and the Irish Ministry of Jobs, Enterprise and Innovation.

The deal coincides with 皇冠体育app seeking more investment opportunities in Europe.

The total value of Chinese investment in Ireland is now $148 million, Vice-President Xi Jinping said on Monday at the 皇冠体育app-Ireland Trade and Investment Forum, attended by about 300 company executives from both countries.

Xi said that 皇冠体育app's total foreign investment is likely to reach $500 billion in 2015. "This will bring business opportunities for companies from all over the world, Ireland included," he said.

皇冠体育app will continue to encourage Chinese firms to invest in Ireland, Xi said and he also welcomed Irish companies to invest in 皇冠体育app, especially in the traditional industrial bases of Northeast 皇冠体育app.

He called for both countries to cooperate more in high-tech sectors such as software and bio-pharmaceuticals.

皇冠体育app is a reliable friend for Europe and Ireland, Xi said, especially amid efforts to emerge from the eurozone crisis. Xi reiterated 皇冠体育app's support for Europe.

Irish Prime Minister Enda Kenny said that Ireland's advantages represent "an enormous opportunity for 皇冠体育app".

皇冠体育app is one of Ireland's "top international priorities for business development", he said before adding that he looks forward to visiting 皇冠体育app in March.

"Ireland and 皇冠体育app have much to offer each other in food and agriculture, in high technology research and in investment. We should make every effort to realize that potential," Kenny said at a dinner he held for Xi on Sunday.

Apart from the investment group, three deals were signed on promoting trade, services and boosting cooperation in higher education between Beijing Technology University and University College Dublin.

Commenting on Xi's three-day visit that started on Saturday, Irish Deputy Prime Minister and Minister for Foreign Affairs Eamon Gilmore said it is an "opportunity" for Ireland to increase trade with 皇冠体育app and to attract more inward investment.

"That, in turn, would be converted into jobs and economic growth. It's part of our strategy to re-grow the Irish economy, (and) get jobs here," he told reporters.

Gilmore also said Xi "certainly indicates to us a willingness to be helpful and supportive (regarding the eurozone)".

The unemployment rate in Ireland stands at 14.5 percent, meaning 439,600 Irish people are out of work, according to the Irish Voice newspaper. The government last week unveiled an ambitious action plan to create 200,000 jobs in eight years.

皇冠体育app has been Ireland's biggest trading partner in Asia for five consecutive years. Bilateral trade reached $5.87 billion in 2011, an increase of 8.6 percent from 2010.

In terms of investment, Chinese investors decided in 2008 to build the Europe 皇冠体育app Trade Hub in Athlone, a town strategically located in the center of Ireland 90 minutes away by train from either Dublin or Shannon airports. The hub will showcase the work of Chinese manufacturers to European and other international buyers.

As the only English speaking country in the eurozone, and a country with a low corporate tax rate of 12.5 percent, Ireland is an ideal place for Chinese investors to access Europe, said Kevin Lynch, founder of the law firm Clerkin Lynch and chairman of the Ireland 皇冠体育app Association.

Xi also visited the dramatic Cliffs of Moher and saw a demonstration of Gaelic games on Sunday in the country's largest stadium, Dublin's 80,000-seater Croke Park - where he kicked a Gaelic football and hit a sliotar with a hurly.

Gaelic football is played with both hands and feet, while hurling, and its female version camogie, use a flailed stick to propel a small, hard ball, the sliotar, toward goal.

Xi also met with Irish President Michael Higgins and parliamentary leaders before departing to Ankara, Turkey.