Foreign Affairs Committee to continue discussions on trade with ASEAN countries

May 26th, 2015 - Pat Breen

Representatives from Enterprise Ireland will appear before the Oireachtas Joint Committee on Foreign Affairs and Trade to consider trade links with the Association of Southeast Asian Nations (ASEAN). The meeting follows engagement with the Irish Exporters Association recently.

Founded in 1967, ASEAN comprises ten Southeast Asian member states with a combined population of 609 million. Trade in goods between Ireland and the ten countries of ASEAN amounted to just over €2.4bn in 2013 and just over €2.5bn in 2014.

Committee Chairman Pat Breen TD says: “The recent opening of Irish Embassies in Indonesia and Thailand brings to five the number of resident Embassies in a bloc of countries with a rapidly expanding middle class. We hosted a valuable meeting with the Irish Exporters’ Association (IEA) recently on how Irish companies – particularly SMEs – can best position themselves to take advantage of these new opportunities.

“The work of Enterprise Ireland was highly commended, and the IEA suggested that there was further scope to engage the local Irish Chambers of Commerce and the knowledge of the Diaspora members. Meanwhile, our recent engagement with the IDA focussed on how Ireland can attract Foreign Direct Investment from these countries. We look forward to engaging with Enterprise Ireland representatives as we resume discussions on how best to tap into this potentially lucrative market.”

The meeting takes place tomorrow Wednesday 27 May at 10 am in Committee Room 3, Leinster House 2000.

Committee proceedings can be viewed live here: http://www.oireachtas.ie/parliament/watchlisten/live-flashplayer/committeeroom3/