Economics

Ireland signs new software deal with China

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The Irish and Chinese governments yesterday signed an agreement on software in Beijing.

The signing took place by Enterprise, Trade & Employment Minister Micheal Martin and Yu Guangzhou, China's Minister of Commerce. The Irish Software Association and representatives from 20 Irish software companies also attended.

The Irish Software Association (ISA) welcomed the initiative, saying it was committed to fostering closer links with the Chinese Software Association.

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'The signing of the Memorandum of Understanding is very significant and will enhance partnerships between Irish and Chinese software companies,' said Minister Martin.

The ISA says it has put forward a proposal that over the next few years, Chinese software companies consider Ireland as a key location for their headquarters as a direct gateway into Europe.

The Chambers of Commerce of Ireland also signed a co-operation agreement with its Chinese counterpart in Beijing. The ceremony was attended by the Taoiseach Bertie Ahern and Chinese premier Wen Jiabao.

Under the deal, the CCI and the China Chamber of International Commerce will provide mutual support and assistance in promoting trade and investment through the exchange of information, legal assistance and exhibitions.

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