. Energy 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
Calif. jail part of 'microgrid' project

Iberdrola awards $400M in smart grid buys

Australia lagging in carbon cuts

Is there a future in the US for renewables without federal incentives?

TRADE WARS
Technip wins North Sea underwater contract

Kurds say will end oil exports if Iraq keeps funds

Renewable battery cathode formed from waste

Quantum copies do new tricks

TRADE WARS
Denmark OKs ambitious green energy deal

GDF vows 6,000 jobs in French wind farm bid

Engineers enlist weather model to optimize offshore wind plan

Significantly Higher Potential for Wind Energy in India than Previously Estimated

TRADE WARS
Brown liquor and solar cells to provide sustainable electricity

China criticizes solar panel tariffs

Obama blames Congress for failed solar firm

Eco Environments helps Olympic legacy project to soar

TRADE WARS
Obama: all highly enriched uranium moved from Ukraine

Japan down to one nuclear reactor after shutdown

Fukushima operator shutting down last running reactor

Europe-US deal to curb highly enriched uranium use

TRADE WARS
Fungal Analysis Reveals Clues for Targeted Biomass Deconstruction

Boeing , Airbus and Embraer team up to develop aviation biofuels

Barrels of Biofuel Flowing from Success at Louisiana Facility

Cobalt and the Naval Air Warfare Center Team Up to Produce a Renewable Jet Fuel From Bio N-Butanol

TRADE WARS
China's Lunar Docking

Shenzhou-9 may take female astronaut to space

China to launch 100 satellites during 2011-15

Three for Tiangong

TRADE WARS
Shadow of 'Anthropocene' falls over Rio Summit

2001-2010 warmest decade on record: WMO

Why spring is blooming marvelous (and climate change makes it earlier)

Scientists use rare mineral to correlate past climate events in Europe, Antarctica


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