Taoiseach highlights importance of Innovation
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Enterprise Ireland is the Irish Government’s trade and technology agency and has set a target to increase exports to Poland by its clients from €280m in 2015 to €420m in 2020.
Total trade between Ireland and Poland in 2016 is estimated to be around €3.4 billion with the balance about 2:1 in Ireland’s favour.
This trade visit is one of 40 international events to help Irish companies identify new markets for their products and services as they tackle the challenges posed by the United Kingdom’s decision to exit the EU.
Using innovation to maintain competitiveness and win new business is something Ireland has excelled at to date, as high tech exports currently make up for 40% of total Irish exports.
The close economic links between Poland and Ireland can be attributed to a number of factors according to Mr. Siepracki including the fact that there are up to 150,000 Polish people living in Ireland and that Irish companies are eager to employ Polish people and often use this as an opportunity to start exporting their services and products to Poland.
A number of Irish companies – 3D4Medical, Cylon, MagGrow – which are participating in today’s Irish-Polish Innovation Forum offer advanced tech products and services have established presences in Poland which helps to build strong trade links between Ireland and Poland.
More than fifty Irish companies now have factories or development facilities in Poland in sectors such as ICT, print and packaging, construction and client services and this trend is continuing.
Speaking today, the Taoiseach said, “Innovation, knowledge, and Research and Development are at the heart of the Irish economy. Ireland’s business environment and certain access to the EU market equips us to further expand our exports to the rest of the EU, while continuing to support, maintain and grow our trade with the United Kingdom.”
He added, “Trade initiatives, such as this Irish-Polish Innovation Forum, are part of the efforts to open doors for Irish companies and win more business for Ireland.”