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THE NATIONAL AGENCY which manages Ireland’s national savings and debts has signed a deal with the Chinese government’s investment fund, aimed at helping to identify areas for China to invest in Ireland.
The National Treasury Management Agency signed the deal with CIC International, the global branch of China Investment Corporation, as part of Enda Kenny’s four-day tour of China.
The deal was signed in the Great Hall of the People in Beijing earlier today by NTMA chief executive John Corrigan, who is joining Kenny on the tour, and the CIC International chairman Lou Jiwei. Chinese premier Wen Jiaobo was also present.
In a statement the NTMA said the new deal would build on the previous arrangements between the agencies, and provide a platform for them to engage and identify areas in which they could enter commercial partnerships, or areas in which China can invest in Ireland.
Corrigan said the deal was a “major initiative for enhanced co-operation and engagement in areas of common interest”, while Lou said the agreement would be “of valuable assistance for us in identifying and assessing potential opportunities in Ireland”.
CIC International was previously linked with a potential bid for Liverpool F.C. two years ago, before it was ultimately sold to current owner John W Henry.
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Tibetan spirituality won’t pay my mortgage but Chinese cash just might. How many of your are using Chinese goods day in day out with out giving a thought to the conditions of workers. The day the people knocking china hand back all the goods produced there they might have more credibility.
was there a documentary about try to go a whole week without using anything made in China? Cant remember the name of it.
Wind power. Plenty of scope for Hiberno-Chinese cooperation there. China is fast becoming a wind turbine superpower. We have lots of wind. We’re ideally located for wind farms.
http://www.siliconrepublic.com/clean-tech/item/23142-three-new-wind-farms-planne
Yes and let’s demand that they give the Tibetan people , their autonomy…Culturally, spiritually and socially.
While we are at it lets demand that the Aboriganals get back everything they lost. Same story different countries.
Wind energy is a waste of money
Hopefully some of this major Ireland Inc marketing and relationship building pays-off meaningfully and we can get some cold hard cash flowing into the country, and soon.
selling us is not the answer .maybe there’s . but not ours .
China visa waiver program .come on what’s that saying .he had to bend over backwards for Chinese investment in Ireland. did he commit or was HE PUSHED into the waiver.
have your say