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Irish companies sign agreements on trade and investment mission to Singapore and Japan

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Irish companies sign agreements on trade and investment mission to Singapore and Japan

Irish companies sign agreements on trade and investment mission to Singapore and Japan
September 26
09:00 2017

An Tánaiste, Frances Fitzgerald, Minister for Business, Enterprise and Innovation, is leading a five-day joint Enterprise Ireland/IDA Ireland trade mission to Singapore and Japan which started this week

On the first day of the trade mission, An Tánaiste and Julie Sinnamon, Enterprise Ireland CEO witnessed a number of Enterprise Ireland client companies sign agreements with Singapore partners including;

  • Novaerus, based in Dublin, signed a partnership agreement with Axxessbio and launched Novaerus’ first patented technology for airborne infection control which kills viruses and bacteria.
  • ICDL Asia announced a new collaboration with Siemens PLM Asia. As an academic partner of Siemens PLM in Asia, ICDL will develop a 3D CAD module which will be offered to Higher Education Institutes in Singapore, China, India and other ASEAN countires.
  • Combilift, an Irish engineering company based in County Monaghan signed a contract with Paves Asia to launch the new ‘straddle carrier’ product in Asia.

Speaking from Singapore An Tánaiste and Minister for Business, Enterprise and Innovation, Frances Fitzgerald said: “I am delighted to be leading this trade and investment mission to Singapore and Japan. I congratulate the Irish companies which have signed agreements with partners in Singapore today. These agreements are excellent examples of the economic ties that exist between Ireland and Singapore which this trade mission aims to strengthen. Trade missions such as this are vital to raise awareness of what Ireland can offer, both as a potential location for companies from the Asia-Pacific region and as a source of high-quality, innovative products and services. Following the UK’s decision to leave the EU, I am working closely with the agencies in my Department who have intensified their efforts on increasing the export market penetration and diversification of Irish companies into alternative markets.”

On Wednesday 27th September 2017, An Tánaiste will lead the mission to Tokyo, Japan where she will promote Ireland and its world-class companies during a series of high level business engagements, including an address to Keidanren, Japan’s largest business association with over 1,600 members, covering Ireland’s Economy, Trade and Investment, the Japan-Europe Economic Partnership Agreement and Brexit.

The objectives of the trade mission include; supporting participating Irish companies to further their relationships with new and existing customers in Singapore and Japan, deepening relationships with existing IDA clients to secure further investments for Ireland, positioning Ireland as a post-Brexit solution for Asian companies, and promoting the potential of EU-Japan Economic Partnership Agreement, particularly from a ‘new opportunities for Irish companies’ perspective.

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