02/12/2005

Invest NI opens new office in Shanghai

Enterprise Minister Angela Smith has opened Invest NI's new investment and trade office in Shanghai.

The office will promote and facilitate technology, investment and trade exchanges between Northern Ireland and China, the world's fastest growing economy.

The Minister is currently travelling with an Invest NI visit to Hong Kong, Shanghai and Beijing that includes representatives of 35 Northern Ireland companies and the University of Ulster.

Speaking at a reception for Chinese business leaders in Shanghai the Minister said: "Opening this office in Shanghai will increase awareness in China of what Northern Ireland has to offer in terms of technology, quality products, expert services and the substantial benefits of Northern Ireland a location in which to do business within Europe.

"This office will give a considerable boost to Government's commitment to help local companies to grow and compete internationally, and to ensure that all parts of Northern Ireland benefit from targeted investment from China and other fast growing global economies."

The Shanghai office is part of a global network of Invest NI technology, investment and trade centres. It will market Northern Ireland to Chinese businesses and provide advice and information to local companies and organisations, such as the universities, seeking to develop opportunities in China.

Earlier this year, Invest NI opened an office in New York. The organisation currently has technology, trade and investment offices in London, Boston, Denver, San Jose, Brussels, Dublin, Dusseldorf, Dubai, Tokyo, Seoul and Taipei.

(MB/SP)

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