Introduction to Enterprise Ireland – China Dublin Solicitors Bar Association Beijing, 17 th September, 2008 Alan Buckley

Basic Facts Area: 9,572,900 km.sq Population: 1,321,000,000 Climate: 4 distinct regions Nationalities: 56 (Han %) Language: Mandarin (Putonghua), Cantonese Culture Religion Provinces (23) / Autonomous Regions (5) Municipalities (4)

Economy 1978 Quadrupling of GDP since 1978 On PPP basis, 2 nd largest economy ($7.262 trillion -2004) Socialism –v- Capitalism GDP Growth: 11.9% (2007) GDP per capita: $7,730 Exports: $960 billion (2007 est.) Imports: $720 billion (2007 est.) CPI 6.1% $ vs RMB

Irish Trade with China Exports (€millions) China ,271 Hong Kong Taiwan total1,7641,7882,186

Imports (€ million) China3,7564,4334,766 Hong Kong Taiwan Total5,1595,7415,921

Enterprise Ireland Offices in China Beijing Shanghai Guangzhou Hong Kong

Enterprise Ireland Mission  “To accelerate the development of world-class Irish companies to achieve strong positions in global markets resulting in increased national and regional prosperity”

Enterprise Ireland support services in China  Market research  Key buyer introductions and presentations  Advice on establishing an overseas market presence  Providing a range of marketplace services  Partnership assessments  Helping to source alternative suppliers  Trade Missions / Exhibitions / Sectoral Visits  Incubator space

Programme CIEET Tour (Beijing, Xian, Shanghai, Changsha, Guangzhou) (Education (16)March '08 ICT Expo. (Hong Kong)(16)April '08 China Medical Equipment Fair (Shenzhen)(5)April '08 Environment MSV (Guangzhou/Shanghai)(5)April '08 Beijing International Education Show(5)April '08 Precision Engineering Seminar, Dublin(14)May '08

Cont’d… CISIS, Dalian (info stand) - softwareJune '08 “Champions” VisitJune ’08 Communicasia - Singapore / Dublin IBVJune '08 SAF Visit to Ireland (Dublin / Limerick) - EducationSept '08 Financial Services IBV (Dublin)Sept '08 Banking Technology Exhibition (Beijing)Sept '08 International Markets Week (Dublin/Shannon)October '08 An Taoiseach Trade Mission （ Shanghai &Beijing) October '08 Taiwan E.H.E.F. (Taipei) - EducationNovember '08 Airshow China (Zhuhai)November '08

Sectors Education Environment / L.S.& related Aviation / Aerospace Software / I.T. Financial Services Engineering Telecommunications

Asia Strategy Programme (2005/2009)  1st phase launched 1998 (1999 – 2004)  €2million provided for various initiatives  Exports increased from €3.6billion to over €6billion  Exports to China increased average 20% annually between 1998/2003  By 2004 some 96 Irish companies had established  2nd phase launched following An Taoiseach’s visit to China in Jan 2005  8 Priority countries (China, Japan, Korea, Singapore, India, Malaysia, Indonesia, Vietnam)  Seeking to increase the level of Irish exports to over €9billion  Exports (include services exports) to 8 priority countries already €9.013 billion end 2007 (CSO)  Target of 215 co’s in Asia (220 already established – 80+ in China

The China Risk Factor  Political Risks  Moral Risks  Government Risks  Environmental/Health Risks  Intellectual Property Risks  Legal / Financial  Licensing & Operational Risks  Business Cultural Risks

Thank you