Irish exports to Canada could double to €2.4bn thanks to EU agreement

Catherine Day, secretary general, European Commission, Maurice Pratt, chairperson, European Movement Ireland and Paul Mahon, president and CEO, Great-West Lifeco

Irish exports to Canada could double from to an estimated €2.4bn under a new trade agreement signed late last year between the EU and Canada, a seminar heard today. Hosted by European Movement Ireland, the seminar was entitled ‘Trading our way to prosperity: The EU and Free Trade and speakers included  Leo Varadkar, TD, Minister for Transport, Tourism and Sport, Paul Mahon, president and CEO, Great-West Lifeco and Catherine Day, secretary general, European Commission. Mahon said he believed the Comprehensive Economic and Trade Agreement (CETA) involving the EU and Canada represented a huge opportunity for Ireland in particular. “It’s estimated that CETA could raise bilateral trade by 23pc or €26bn.…

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Irish seafood sector could grow to billion-euro business by 2017 – BIM conference

Irish seafood

The Irish seafood sector has the potential to increase annual sales from €810m last year to €1bn by 2017 and to deliver 1,200 additional jobs, according to a Bord Iascaigh Mhara (BIM) organised industry conference in the Aviva Stadium today. The ‘Capturing Ireland’s Share of the Global Seafood Opportunity’ conference will hear that the sector has focused in recent years on new markets in Asia where demand for quality seafood is showing phenomenal growth. Irish shellfish in particular is highly sought after in China and Hong Kong and exports to Asian markets have increased by 34pc. Speaker Joe Gill, a director at Goodbody Ireland said he believes the sector faces…

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China’s share of Irish exports expected to double to 4pc by 2030

Alan Duffy, managing director and Ireland head, HSBC Corporate Bank

China is expected to be the most dynamic emerging market for Irish exports, with its share of total exports forecast to double from around 2pc currently to 4pc by 2030, according to HSBC’s bi-annual trade forecast. It predicts a sustained upward trend for trade generally of 6pc growth a year and an improving demand for Irish goods and services over the next few years thanks mainly to gathering momentum from the US and eurozone. The composition of Ireland’s trade flows is forecast to remain relatively stable, with the US, UK and eurozone core sustaining their position as the most important export markets. The chemicals sector dominates the export outlook for…

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Breaking new ground with hands-free working in the oil and gas industry – OHS

While working as an electrician on oil rigs in the North Sea, founder of Offshore Handling Systems in Shannon, Co Clare Eugene Earley recognised the need for a solution to the problem of hand injuries caused by lifting. “At the time the notion of hands-free working on rigs was a novel concept and only primitive products existed. I came up with the idea of making more useful tools designed for different applications such as moving deck cargo and materials and put together a few designs,” he recalls. While continuing to work as chief rig electrician for Ensco – the second biggest driller in the world – in 2009 Earley incorporated…

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Third series of TV drama ‘Ripper Street’ to be produced in Ireland

Ripper Street

A third series of the TV drama ‘Ripper Street’ is to be produced in Ireland, which is expected to provide a major boost to the Irish film and TV industry. The total value of the first and second series to the Irish economy so far has been around €20m in terms of spend on local goods and services. They employed 5,000 Irish cast, extras and crew, providing about 170,000 Irish work hours per series. ‘Ripper Street’ follows the H Division, the police precinct charged with keeping order on Victorian Whitechapel. James Hickey, chief executive Bord Scannán na hÉireann/the Irish Film Board said the announcement was “very good news for the…

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Primark’s second store in France opens

Primark has opened its second store in France, in La Toison d’Or, Dijon, creating 304 jobs for the local area. Located in Burgundy’s biggest shopping centre, the new store has 4,106 sq m of retail space and stocks fashion for women, men and children, jewellery, shoes and accessories and large selection of homeware. Primark opened its first store in France in Marseille last December and will open three stores in the suburbs of Paris – in Aulnay-sous-Bois at O’Parinor and Villeneuve La Garenne and Creteil -by summer 2014. Sorcha Corcoran

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Road map for growth – the Q&A; series: Dita Eyewear Europe

Gina Arcari, managing director of Dita Eyewear Europe, the global distribution centre for eyewear company Dita, discusses international growth from a Dublin base. What is the background to Dita Eyewear Europe being set up? Dita was founded in Los Angeles the US in 1995 by two childhood friends, Jeffrey Solorio and John Juniper, who saw a niche in the market to design, manufacture and distribute luxurious fashion eyewear for both men and women. Since then the company has grown due to its unique designs, use of some the best materials available and Japanese-based manufacturing. It was restructured in 2011, setting up its global distribution centre here in Dublin, which is…

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New embassies and consulates good news for exporters – IEA

Simon McKeever

The Irish Exporters Association (IEA) has welcomed the announcement that the Government is to open five new embassies and consulates. IEA CEO Simon McKeever said our diplomatic network and the assistance of the Department of Foreign Affairs and Trade were vital in supporting the exporting sector, especially in new and emerging markets. “This government investment will undoubtedly reap benefits for our commercial reputation and business success,” he said. The decision, announced by the Tánaiste, will see five new Irish embassies and three new consulates established in Europe, South East Asia, Africa and the Americas. “At the IEA we have been working with the government to encourage established and potential exporters…

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Byrne Looby Partners extends Middle East footprint with new Dubai office

Irish consulting engineering firm Byrne Looby Partners (BLP) has opened a new office in Dubai, the United Arab Emirates (UAE), increasing its footprint in the Middle East where it already has two offices (in Doha, Qatar and Jeddah, Saudi Arabia), The new Dubai office brings the total number of BLP offices, in Ireland and internationally, to nine. The company has also made two senior appointments to bolster its presence in the UAE – Mike White, regional director of BLP Dubai, is to be joined by Ronan Duffy as regional business development manager and Mohammed Nimeri as senior project engineer to the Dubai office. Since first entering the Middle East in…

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Version 1 acquires UK operation of Tieto Corporation

Irish IT services company Version 1 has acquired the UK-based Forest business operations of Northern European IT services company Tieto Corporation for an undisclosed sum. Version 1 currently employs over 400 people and operates offices in Dublin, Cork, Belfast and London; Forest’s 23 employees in Kent transferred to Version 1 on 31 October. Forest develops and supports IT solutions for customers in the packaging and recycling industry. Justin Keatinge, chief executive officer of Version 1, said this was the first in a series of strategically planned announcements it would make over the coming months. “Through this first deal, we will greatly strengthen our platform in the UK market and increase…

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