Ireland Invites Ali To Visit Lobbying To Establish A New Fund

At the invitation of Chinese President Xi Jinping, Irish President Michael Higgins paid a state visit to China on from December 7th to 15th.

Many US technology companies have their European headquarters in Ireland. During the visit to China, Higgins is also inviting Chinese technology and energy companies such as Alibaba to go to Ireland to become "neighbors" with Amazon, eBay and other Internet giants.

"We are very much looking forward to the Alibaba coming to Ireland. Ireland's high quality talents, market background and tax and other factors will contribute to the development of hi-tech enterprises." in December 10th, Higgins, the Irish finance minister of President Noonan's visit to China, told Michael in an interview with the twenty-first Century economic report in Beijing.

He disclosed that President Higgins will have a personal dialogue with Ma Yun on 12 July at the Alibaba headquarters in Hangzhou, and thereafter, the Irish delegation, including the finance minister himself, will hold talks with the Alibaba management.

High tech, new energy and information industry are the main focus of this visit to China.

He told the twenty-first Century economic report that in December 9th, more than 200 Chinese and Japanese businesses had a commercial breakfast meeting. On the 10 day, President Higgins visited HUAWEI Beijing R & D center.

During his visit to China, he also had an in-depth conversation with CIC and other investment institutions to jointly promote bilateral economic cooperation.

When meeting with Higgins on the 9 day, Xi Jinping stressed that Ireland has unique advantages in information technology, pharmaceuticals, life sciences and other fields, and has a good foundation for agriculture and animal husbandry. China is promoting the strategy of innovation driven development, accelerating urbanization and agricultural modernization, and strengthening cooperation between the two sides.

The Chinese side encourages Chinese enterprises to invest in Ireland and take part in the Irish aircraft financing leasing business and wind power construction.

Ireland will defend apple

The Irish president's visit to China is also a confidence trip as one of the five European pigs that has been rescued.

In the EU's autumn economic update forecast, Ireland's economic growth forecast for 2014 was 4.6%, far exceeding most of the euro area economies.

Standard and poor's also raised Ireland's sovereign credit rating from A- to A recently. The unemployment rate has dropped from 15% to 11%, and the debt rate has also declined.

Ireland's glittering achievement has attracted global innovation businesses.

According to media reports, the US's Google, apple and other technology enterprises, as well as Amazon, eBay and other e-business platforms have set their European headquarters in Ireland.

Low tax is obviously one of the important reasons. Compared with the 35% basic tax rate in the United States, the 12% tax rate in Ireland will obviously attract more enterprises.

However, at present, a series of tax reforms implemented by the European Union and OECD are adjusting the current global imbalanced tax system. The EU is conducting a tax investigation on companies such as Google and apple in Europe.

"We believe that Apple has no tax evasion in Ireland, and the investigation is still in the early stage. If we enter a formal investigation, we will defend apple."

He said.

A series of tax adjustments will actually benefit Ireland, he said.

Since 12% of the basic tax rate will not change, pparent tax rules will make it easier for enterprises to operate.

"

The attraction is more than the tax system. "

Treasurer Nan Nan said that Ireland, as the only English speaking country in the euro area, has high-quality talents, all of which are the core competitiveness of attracting Chinese enterprises.

At present, many Chinese enterprises, including HUAWEI, ICBC, China Development Bank and import and export bank, have already settled down in Ireland, and are doing business in science and technology, financial leasing and other fields.

In addition, China's CIC and Ireland's Pension Reserve Fund set up China's Irish technology development this year.

The scale has reached 100 million US dollars to help enterprises in the two countries to pfer technology. At present, they have invested in two Irish enterprise projects.

In an exclusive interview, he said that at present, China and AI are looking for more funds on the basis of existing funds to support cooperation between enterprises on both sides.

"During the meeting with CIC, we explored further fund raising, and we will set up a new China Africa Investment Fund next year, which may introduce more private capital," he said.

In 2012, when he attended the "China Ireland economic and Trade Investment Forum" held in Berlin, Yudu, Xi Jinping described the SMEs as "the most active market players" and "the new force in economic and trade cooperation". He also suggested that the two SMEs play their complementary advantages in terms of technology, talent, market and economic structure, making them a new highlight of bilateral economic and trade cooperation.

The Irish government has launched an online support platform for SMEs, providing various support services for start-ups and SMEs, including over 80 initiatives to support SMEs, with a total budget exceeding 2 billion euros.

This year is the 35th anniversary of the establishment of diplomatic relations between China and the United States. It is also a joint statement 2nd Anniversary issued by China and China on the establishment of a "mutually beneficial strategic partnership".