Russian trade mission generates more than €9m of deals


10 Sep 2010

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Deals for new export sales worth more than €9m were signed by Irish firms during this week’s trade mission in Russia.

According to Minister for Trade and Commerce, Billy Kelleher TD, who led 30 Irish firms on the trade mission organised by Enterprise Ireland, this result is “another important step in Ireland’s economic recovery”.

The firms were from a range of sectors, including engineering, construction, food and drink, education, business services and information communications technology. Irish high-tech firms Digisoft, Adaptive Mobile, OpenJaw and Norkom Technologies were among those that landed lucrative new sales deals.

Trinity College Dublin and Dublin Institute of Technology announced partnership agreements with higher education institutions in Russia.

“Our economic recovery will be export-led and the Government’s strategy is to target markets such as Russia with high growth potential that can generate revenues and jobs for Irish firms,” said the minister. “The €9.2m worth of deals we landed here this week will create jobs back home and add momentum to our economic recovery.

“The trade mission has laid important foundations on which we can build a better trading and bilateral and trading relationship with Russia.”

Frank Ryan, chief executive of Enterprise Ireland, noted that Russia is Europe’s largest emerging market and said the success of the mission verifies that Irish products and services are well matched to Russian market demands.

“The work we have done this week in highlighting Irish products and services to Russian businesses has further built on Ireland’s reputation in this important high-growth market,” he said. “Over the coming months, we will build on the achievements of this week and grow Irish exports to Russia.”

The trade mission was timed to coincide with President Mary McAleese’s visit to Russia.

Article courtesy of Businessandleadership.com