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By Chamber Press Office, 12 January 2018
A delegation of 22 Irish businesses will tomorrow (Saturday 13th) embark on a 5-day business mission to Hong Kong, in a bid to strengthen links and increase trade between the two countries.
The trip, led by Dublin Chamber of Commerce, the secretariat for the Ireland Hong Kong Business Forum, will see the Irish delegation hold meetings with a mixture of Government representatives and Asian business leaders.
The purpose of the mission is to identify new opportunities for Irish firms in potentially lucrative Asian markets.
According to Dublin Chamber CEO Mary Rose Burke: "We're seeing more and more Irish companies coming to us looking for help in accessing new markets. In particular, there is a big interest from Irish firms in exploring the Asian market. The impending departure of the UK from the EU has made companies aware of the need for diversification. The opportunities for increased trade between Ireland and Hong Kong have never been greater following the news that Cathay Pacific is to start direct flights from Dublin to Hong Kong from June 2018."
Dublin Chamber said the number of firms travelling on its annual mission had almost doubled compared to last year.
Firms travelling on the 2018 mission include Bank of Ireland, Mason Alexander, Tourism Ireland, UCD, Chinnery Spirits, Olytico, Luttrelstown Castle, Intellicom, Dublin Airport, ACSK Solicitors, Grant Thornton, Clark Hill Solicitors, Hayes Culleton Group and CityBreak Apartments.
Ms Burke said: "Huge opportunities exist in Hong Kong for Irish firms - especially as the country also provides a gateway into the increasingly lucrative Chinese market. Very strong synergies exist between Ireland and Hong Kong that would enable us to share the knowledge and skills necessary to drive two way trade and investment links in the areas of fintech, education, technology, tourism and food and beverages."
The trip has been co-organised by Dublin Chamber in partnership with the Consulate General of Ireland to Hong Kong and Macau and the Hong Kong Trade Development Council.
Highlights of the mission include attendance at the Asian Financial Forum and a visit to the region of Macau to explore opportunities in the food and beverage sector.
Dublin Chamber has acted as secretariat for the Ireland Hong Kong Business Forum since 2001 and is dedicated to driving links between Ireland and Asia through our series of events and regular missions.
Ms Burke said: "In 2017, Dublin Chamber experienced a 5-fold increase in the number of delegations from China. Over the past 12 months we've welcomed more than 12 delegations from China, compared to just 3 in 2016. We've also held briefings for members on Korea, Indonesia, Singapore, China and Hong Kong in recent months."