. Military Space News .




.
TRADE WARS
Irish PM seeks investment during China visit
by Staff Writers
Beijing (AFP) March 26, 2012


Ireland's prime minister Monday urged Chinese firms to invest in his country, on a visit to the Asian giant just days after official data revealed the euro member had slipped back into recession.

Ireland -- which was forced to seek a rescue package in 2010 after a deep recession left its economy close to collapse -- has been working to boost its image in China as it seeks investment and new markets for Irish goods.

"Ireland is open for business and this is a brilliant time to invest in and to benefit from Ireland's recovery," Enda Kenny -- currently on a four-day trip to China -- told business leaders in the commercial hub of Shanghai.

"It is vital to Ireland's national interests that our companies tap into the enormous business opportunities that exist here and that we also connect Ireland with China's vast outward investment potential," he said.

Debt-hit Ireland sought a European Union-International Monetary Fund bailout to the tune of 85 billion euros ($112 billion at current rates) in 2010 after suffering a deep recession amid a property market meltdown and banking crisis.

Official data on Thursday showed that the country once dubbed the "Celtic Tiger" due to its fast-growing economy sank back into recession late last year, despite registering annual growth for the first time since 2007.

Irish gross domestic product shrank 0.2 percent in the fourth quarter after a contraction of 1.1 percent in the third quarter. The technical definition of a recession is two quarters of economic contraction in a row.

The news came as Europe continues to struggle with a serious sovereign debt crisis, which has also seen Greece and Portugal receive bailouts.

Speaking before the trip, Kenny praised the "positive signals" from China in support of Europe's efforts to resolve the crisis.

Premier Wen Jiabao said last month that China was ready to increase its involvement in solutions to the EU debt problems, though he gave no specific details.

Kenny travelled to Beijing later on Monday and met with Vice President Xi Jinping -- widely tipped to be the nation's next leader -- and reiterated Ireland's desire to do business with China.

"We see Ireland as being very open, an inviting place for business and potentially a very strong partner for China", he said.

Besides seeking investment and market opportunities, Kenny is also aiming to boost the number of Chinese tourists to his country.

Related Links
Global Trade News




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



TRADE WARS
Japan, Canada to launch free trade talks
Tokyo (AFP) March 25, 2012
Japan and Canada formally agreed Sunday to launch talks on a free trade agreement expected to result in the first such pact between Tokyo and one of the Group of Eight major economies. The agreement was announced by Japanese Prime Minister Yoshihiko Noda and his Canadian counterpart Stephen Harper after a meeting in Tokyo. They also agreed to boost cooperation between their energy indust ... read more


TRADE WARS
S. Korea to shoot down N. Korea rocket if it strays

Congress seeks more U.S. aid for Iron Dome

Northrop Grumman Awarded for Missile Defense C2BMC Contract

Newest US Missile Warning Satellite Exceeding Performance Expectations

TRADE WARS
Tucson site is largest Raytheon facility to receive a superior rating

Lockheed Martin Upgrades Tactical Tomahawk Weapons Control System for Naval Air Systems Command

Raytheon Wins $77.9 Million US Army Missile Subsystem Support Contract

Raytheon Awarded US Army Contract to Counter Rockets

TRADE WARS
NRL Tests Robotic Fueling of Unmanned Surface Vessels

Russia to build mini drone

Israel assesses eye-in-the-sky platforms

Drones may be controlled by gestures

TRADE WARS
Raytheon to Continue Supporting Coalition Forces' Information-Sharing Computer Network

Northrop Grumman Wins Contract for USAF Command and Control Modernization Program

TacSat-4 Enables Polar Region SatCom Experiment

'See Me' satellites may help ground forces

TRADE WARS
Embraer selects AdaCore for jet upgrade

US Army reviews mental health diagnoses

Peru upgrades air defense with $140M plan

Ethical considerations of military-funded neuroscience

TRADE WARS
Brazil's Rousseff to weigh French jet buy in India

Delhi boosts military spending 17 percent

Prison sentence for espionage scientist

Dassault says profit rises 10%, confident on fighter sales

TRADE WARS
Obama to meet Hu after blunt words on North Korea

Lavrov: Putin, Obama to meet in May

Ex-spy boss may spill Gadhafi's secrets

Outside View: A bodyguard of lies

TRADE WARS
New technique lets scientists peer within nanoparticles

Quantum plasmons demonstrated in atomic-scale nanoparticles

3D-Printer with Nano-Precision

Nano spiral staircases modify light


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement