07/12/2016

FM Signs Formal Agreement With Liaoning

The First Minister Arlene Foster has signed a formal agreement with Liaoning in Shenyang, following a recommendation first made in 2013.

The First Minister is in China on a four day visit meeting with Chinese Vice Premier Madam Liu Yandong. When the First Minister and deputy First Minister met Madam Liu Yandong in Beijing in 2013 she recommended they consider a formal agreement with Liaoning, the largest and richest province in China's north east with a population of 44 million people.

The region I described as the industrial powerhouse for China with a long history in manufacturing, ship building and mining.

Minister Foster said: "I welcome the signing of this formal agreement with Liaoning.

"This agreement is another milestone in our relationship with China and shows the practical commitment of the Chinese Government to work with Northern Ireland.

"Given the size of Northern Ireland in comparison to China, our strategy for maximising mutual benefits is to target specific areas where we can add value and develop programmes that will deliver real benefits.

"This strategic approach of targeting regions is also shared by the Chinese Government who have encouraged their provincial governments to establish contacts at a regional level.

"This way we will be better placed to share experience on areas of mutual interest and develop economic and education programmes, managed at a regional level, supporting business growth, access to markets, generate investment and increase trade."

(MH)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

23 July 2013
New IDA Office To Open In Beijing
On the second full day of his investment and trade mission to China and Japan, the Minister for Jobs, Enterprise and Innovation, Richard Bruton TD, has announced the opening of a new IDA office in Beijing, which will focus particularly on attracting more investment and jobs in the financial services sector from China to Ireland.
11 November 2016
Deputy First Minister Meets Representatives Of China Investment Corporation
The Deputy First Minister Martin McGuinness and Junior Minister Alastair Ross and Infrastructure Minister Chris Hazzard are due to met with representatives from the China Investment Corporation (CIC), who are in Belfast for a two day trade visit.
14 November 2012
Ministers Announce Orders Worth £1m In China
First Minister Rt. Hon. Peter D Robinson and deputy First Minister Martin McGuinness MP MLA have announced orders worth £1million in China for Carrickfergus company Yelo at the start of their trade mission in Shanghai.
24 November 2015
Local Firms Urged To Reap The Benefits Of The 'Golden Age'
Local businesses are being encouraged to reap the benefits of the 'golden age' in UK-China relations.