Ireland Looking to Strengthen Investment Ties with Thailand

[Jacob Maslow]

Ireland is looking to strengthen its ties with Thailand through investment, trade, education, services and tourism. Ireland sees a strengthened relationship with Thailand as an opportunity for both countries to expand into Asian and Europe.

Martin Murray, The executive director of Asia Matters, says the relationship could be mutually beneficial, promoting economic growth in both countries. Murray told The Nation that Ireland would like to forge closer ties with Thailand even if a fair-trade agreement already exists between the European Union and the Kingdom.

Trade between Ireland and Thailand was up 13.3% in 2013, according to Asia Matters.

Such an agreement would give Thailand the opportunity to break into the European and American markets. Ireland would also have the chance to break into the Asean market. Murray also stated that Ireland could transfer technology to Thailand in important sectors, like education, finance, aviation, and food and sanitary standards.

Ireland considers Asia an important partner. Asia accounts for one-third of the global economy, and growth continues in this region. Thailand has the second-largest economy in Asean, just behind Indonesia.

Murray is also encouraging relevant agencies to set up direct flights between Bangkok and Dublin to encourage trade, tourism and investment. Such a move could increase the number of Irish tourists to 250,000 or more per year. Very few Thais visit Ireland, but direct flights could change that.

In hopes of strengthening cooperation between Ireland and Thailand, as well as other Asian partners, Dublin will host the “Asia Business Week Ireland 2015” in July. Thai officials have been invited to the event as well as private companies in hopes of bolstering cooperation.

Special events, including “Asia-Ireland Higher Education and Global Talent Forum” and "Asia Matters Economic Innovation Award," are planned at the Dublin-based event. A roundtable is also planned in the Asia and EU to discuss economics. Seminars on education and the food industry will also be held.

-- 2015-03-24

[NeilSA1]

Good news for Thailand.

.

Ireland to become fastest-growing EU economy

www.irishtimes.com/.../ireland-to-become-fastest-growin...

The Irish Times

Feb 5, 2015 - Ireland is set to remain the fastest-growing economy in the European Union, the European Commission said this morning

[Baerboxer]

Looks like the Irish government haven't head about TVF and certain posters who insist the West are all boycotting Thailand whilst it's under the current government and refusing to have anything to do with it

Well done on Ireland - along with UK, France and Germany who are all already strengthening.

[Aussieroaming]

the luck of the Irish...maybe Guinness will be tax exempt

[evadgib]

I'm curious as to what exactly the ' © thaivisa' at the foot of the first page means, given the info presumably came from the Irish business sector/govt...?

Edited March 24, 2015 by evadgib

[Pib]

Here's the link to the 23 Mar 2015 The Nation article that gives more info....like the specific amount of trade between Ireland and Thailand in 2013 which was US$705M / Bt23B plus other financial related info.

http://www.nationmultimedia.com/business/Ireland-eyes-stronger-trade-investment-ties-with-T-30256528.html

[Srikcir]

"Trade between Ireland and Thailand was up 13.3% in 2013"

Thanks goes to the Yingluck regime for starting trade with Ireland. The only question now is whether the Junta can keep itself invisible or start touting more of its "They understand and approve the Junta's subversion of human rights and liberties of the Thai people to return democracy to Thailand" slogans. Personally, I don't see Prayut would have much tolerance for a potato-eating people.

Edited March 24, 2015 by Srikcir

[jerojero]

So much in common, both countries. Booze galore.

[Baerboxer]

"Trade between Ireland and Thailand was up 13.3% in 2013"

Thanks goes to the Yingluck regime for starting trade with Ireland. The only question now is whether the Junta can keep itself invisible or start touting more of its "They understand and approve the Junta's subversion of human rights and liberties of the Thai people to return democracy to Thailand" slogans. Personally, I don't see Prayut would have much tolerance for a potato-eating people.

Yeah sure. Just like they started all those G2G deals.

All the main European and Asian players seem happy to increase business, education and social links with the current government. At least they don't have to keep one hand on the wallet like with the last lot!