Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

On visit to Ireland, Chinese premier eyes deeper economic ties

Published by Wanda Rich

Posted on January 17, 2024

Featured image for article about Top Stories

By Padraic Halpin

DUBLIN (Reuters) -China would like to deepen economic and trade cooperation with Ireland, particularly in areas of “huge potential” such as green technologies and the digital economy, Premier Li Qiang said on Wednesday during a trip to Dublin.

Li, the most senior Chinese official to visit Ireland since his predecessor Li Keqiang in 2015, said he had candid, friendly discussions with Ireland’s prime minister and president and that the countries were “very much on the same page” on many issues.

“Looking ahead, we would like to work more closely with Ireland to build on what we already achieved,” Li said in a speech through an interpreter.

“There’s huge potential in our cooperation in green technologies, in bio manufacturing, in the digital economy. We can compliment each other with our respective strength and share development opportunities.”

Li, who is finishing his European trip in Ireland, highlighted China’s potential for foreign investment in a keynote speech to business leaders at the World Economic Forum (WEF) in Davos on Tuesday.

The Irish government said Beijing had agreed to lift a two-month suspension of Irish beef exports to China following meetings between officials. Beef shipments were suspended following the discovery of an isolated case of atypical Bovine Spongiform Encephalopathy (BSE) in November.

Before exchanging toasts with Li, Prime Minister Leo Varadkar said Ireland was also committed to pursuing deeper economic ties and assisting Irish and Chinese companies, on the basis of transparency and fair competition.

He said that while the two countries will not agree on everything, Ireland wanted a “very strong and constructive relationship,” noting that four Irish ministers had visited China in the last 10 months.

He also described China’s role in the world as indispensable when it comes to tackling challenges, such as climate change, global security, global inequality, and the conflicts in Ukraine, the Middle East and Myanmar.

“The voice of China carries great weight in the world and as a permanent member of the United Nations Security Council, I believe you can make transformative contributions to the resolution of these issues,” Varadkar said.

(Reporting by Padraic Halpin; Editing by Jon Boyle, Tomasz Janowski and Toby Chopra)