Irish Firms Look East Ahead of Brexit

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A delegation of 15 Irish businesses on Monday commenced a five-day visit to Hong Kong and Macau during which they will seek to strengthen links between the two countries.

The trip, led by Dublin Chamber of Commerce, will see the group 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: "In a world of increasing uncertainty, it is vital that companies diversify markets and seek to minimise risks. As we await clarity on how Britain's decision to leave the European Union will play out, it is important for companies to consider opportunities in new markets. Huge opportunities exist in Hong Kong for Irish firms and the country also provides a gateway into the increasingly lucrative Chinese market. There exist very strong synergies 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, which co-incides with a visit to Hong Kong by Minister of State for Financial Services Eoghan Murphy, 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 added: "I commend the fantastic foundations that have been laid by the Consulate General of Ireland in Hong Kong on the ground since its opening in 2014, and look forward to further cooperation to drive links between East and West in the coming decades."

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