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| Ireland, Russia Sign New Trade Agreement |
by Tatiana Smolenskaya, Tax-News.com, Moscow
Friday, November 11, 2011
Ireland and Russia have inked an agreement on a programme for trade and economic
cooperation, allowing for a greater level of engagement between government authorities
in each country.
The deal was signed as Ireland's Deputy Prime Minister and Minister for Foreign Affairs
and Trade, Eamon Gilmore, wrapped up his official visit to Russia. There, Gilmore
held a series of talks with his counterpart, Foreign Minister Sergey Lavrov,
covering a range of international issues. The two ministers also signed a partnership
agreement in the context of European Union-Russia cooperation and Russia’s
forthcoming accession to the World Trade Organization.
Speaking afterwards, Gilmore commented: “The agreements signed with our
Russian partners provide a comprehensive platform for increased trade between
the two countries. It is clear that that there is potential to increase exports
from Ireland to Russia in key sectors such as education, agriculture, transport,
energy, and information technology. By taking advantage of the opportunities
that exist and playing to our strengths we can deliver the export-led growth
needed to bring about recovery in Ireland’s economy.”
In addition to his diplomatic duties, during his visit Gilmore met members
of the Global Irish Network to discuss business and investment opportunities
for Irish companies. He launched "Education in Ireland", the new umbrella
brand for marketing the Irish higher education and English language sectors
to international students at an event at the Irish Embassy, attended by members
of the Irish community, Russian government officials and business and cultural
contacts.
Gilmore also addressed a business breakfast attended by representatives of
indigenous Irish companies and their Russian counterparts. In his address Gilmore
said: “I am convinced that there are many opportunities for Russian companies
to do business in Ireland in sectors such as ICT, energy and energy efficiency,
aviation, engineering, pharmaceuticals and medical devices, food and drink industry,
education and training, and research and development. There is also great scope
to increase Russian investment in Ireland”.
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