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Ireland: Irish businesses expect PM's China visit to expand market access

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Shotlist Dublin, Ireland - Recent 1. Various of staff member working in warehouse, movable shelves 2. Various of flag of European Union, Irish national flag, Chinese national flag 3. SOUNDBITE (English) Liam Queally, director, Queally Group (starting with shot 2/partially overlaid with shot 4/ending with shot 5): "China probably has the best potential of any market worldwide - it's a huge market, it has huge potential, there are big consumers of protein. So, we have had relative success over the years, particularly on pork. There are great opportunities ahead for beef and pet food and other added value products that we might be doing. But, there are some hurdles to jump on in terms of legislation and regulation to clear the runway." SHOT OVERLAYING SOUNDBITE 4. Various of worker operating forklift to load goods SHOT OVERLAYING SOUNDBITE 5. Various of cattle grazing 6. Various of staff members introducing beef 7. Various of planes at airport FILE: Hainan Province, south China - Date Unknown 8. Aerial shots of port scene, containers being moved FILE: Hainan Province, south China - Date Unknown 9. Aerial shots of port scene Dublin, Ireland - Recent 10. SOUNDBITE (English) Chad Huang, chairman, Teng Long Aviation Group Ireland (starting with shot 9): "I love to see more and more business between aviation industry of Ireland and China and especially with like a governing body like IAA and the CAAC and especially with the opportunity (that) in the future we have C919, C929, with the Chinese-made aircraft coming to the market in the next decade." FILE: Dublin, Ireland - Nov 28, 2024 11. Irish parliament building, river 12. River Storyline Irish businesses are expecting that their prime minister's ongoing visit to China will give greater certainty to future trade cooperation between the two sides. Ireland's Prime Minister Micheal Martin arrived in the Chinese capital Beijing on Sunday, kicking off a five-day official visit from January 4 to 8. It is the first China visit by an Irish leader in 14 years. Martin's companions include a large business delegation, as the two sides seek to strengthen economic ties. Trade remains a central pillar of China–Ireland relations. Ireland is one of the few European Union(EU) countries that maintain a trade surplus with China. Ireland's major exporters hope Martin's visit will open up new opportunities for them to grow further in the world's second-largest economy. Among them is the Queally Group, one of Ireland's largest agricultural food businesses. It trades meat, pet food and beverages across more than 60 countries and regions, and has been doing business with China for around 25 years. "China probably has the best potential of any market worldwide - it's a huge market, it has huge potential, there are big consumers of protein. So, we have had relative success over the years, particularly on pork. There are great opportunities ahead for beef and pet food and other added value products that we might be doing. But, there are some hurdles to jump on in terms of legislation and regulation to clear the runway," said Liam Queally, the group's director. Ireland's agri-food sector is highly export-oriented, with around 90 percent of Irish beef production exported each year, according to official figures. However, the access to the Chinese market has faced disruptions over the past few years. Exporters like Queally hope this visit can help smooth the way forward. Beyond food, Ireland is also a global leader in high-value services. It is the world's largest hub for aircraft leasing, with China being one of its biggest markets. China's Hainan Free Trade Port, the world's largest FTP by area, has officially launched the island-wide special customs operations, offering zero tariffs on most goods entering the island. Participators in the Irish aviation industry believe that this move is helping make the business more accessible. Chad Huang, chairman of Teng Long Aviation Group Ireland, told China Global Television Network (CGTN) that his firm is launching a new project in Hainan, representing Irish and European aviation leasing companies. "I love to see more and more business between aviation industry of Ireland and China and especially with like a governing body like IAA and the CAAC and especially with the opportunity (that) in the future we have C919, C929, with the Chinese-made aircraft coming to the market in the next decade," he said. China and Ireland have stepped up high-level exchanges in recent years. China's Premier Li Qiang visited Dublin in early 2024, followed by Foreign Minister Wang Yi a year later. [Restrictions: No access Chinese mainland]

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