Chinese foreign minister Wang Yi arrives in Dublin

CGTN Europe

China’s foreign minister has arrived in Ireland for talks on trade and cultural links between the two countries.   CGTN’s Li Jianhua reports from Dublin.   #Ireland #China #bilateralrelations

Transcript

00:00Sally, you're right, Wang Yi is in Dublin and tomorrow he's expected to meet the Prime

00:04Minister and Deputy Prime Minister in the building behind me, that's the Department

00:09of Foreign Affairs of Ireland. Of course, tomorrow, trade will be on top of the agenda

00:14as trade is considered the cornerstone of bilateral relations between Ireland and China

00:20and China is the largest trading partner of Ireland in the context of Asia. Ireland is

00:26being part of the EU is maintaining this trade surplus with China, making it one of

00:32the very few European countries to do so and some of its key exports to China include pharmaceuticals,

00:38medical devices, microchips and agricultural products and for China, Ireland is considered

00:44a gateway to Europe, especially after Brexit and China's investment in the country has

00:51been booming over the past decades. So, some of the biggest companies include Huawei. Huawei,

00:58the tech giant from China, arrived in the country about 20 years ago. Now, according

01:02to reports, the company is contributing about 4.7 billion US dollars between 2024 and 2030.

01:10Some of the other big names from China include Xi Ying, TiMu and of course, TikTok. So, some

01:17of the reasons why China as well as other countries is investing so much in Ireland

01:25is because Ireland's comparatively lower corporate tax rate, which stands at about 12.5%, much

01:32lower than many other EU countries and also the country is host of many skilled workforce

01:39and of course, it is not all smooth sailing between Ireland and China. Ireland was one

01:44of the 10 EU countries that voted in favour of imposing additional tariffs on Chinese-made

01:52EVs. So, we'll see whether they will talk about that tomorrow. Also, it's becoming easier

01:58for Irish people to visit China, isn't it? Yeah, you're right. It is much easier now

02:05for Irish to visit China ever since China's Premier Li Cheng's visit in January to Ireland

02:12last year, where he announced a visa-free policy for Ireland. And these two countries

02:17have enjoyed rather, I would say, cordial relationship ever since the establishment

02:22of their diplomatic ties back in 1979. That was also the year when China started the reform

02:28and opening up policy, when China started to link its economy with the rest of the world,

02:34which led to a surge of China's exports and China's economic boom, of course. And also

02:40we know that trade policies and also trade ties could also boost cultural exchanges.

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