DATE: Nov 24-28, 2014

LOCATION: Dublin, Ireland

CONTACT: Allison Dancey, International Trade Officer, Department of Business, Tourism, Culture and Rural Development;  Tel: 709 729-4617; Eml: allisondancey@gov.nl.ca

The Department will lead a multi-sector trade mission to Ireland November 24-28, 2014. The week will include a special oceans agenda on Nov. 26, 2014, cohosted with Marine Institute-Galway and SmartBay Ireland, with representation from companies, institutions and funders from the Irish  marine sector. Immediately following the Mission, the Canada-EU Maritime Working Group (On the Galway Agreement Implementation) will meet at the Seabed Mapping Conference Dublin, December 2-3, 2014.

Purpose/Objectives

1. Strengthen existing co-production/co-venture relationships and develop new business partnerships.to further enhance the promotion of oceans and marine interests by presenting opportunities for sales, joint ventures and partnerships between NL interests and those in Ireland.

2. Provide Professional Development opportunities to startup businesses.

3. Promote Newfoundland and Labrador as a partner in oceans and marine development to European interests by Formalizing a long term collaborative arrangement with Ireland regarding our oceans agenda.

4.  Expand NL ocean capabilities in the EU market (Population 700 Million) to cultivate new international business

5.  Build a collaborative working relationship with the Canadian Embassy and Canadian High Commission in Ireland.

Ireland has proven to be an excellent jurisdiction for business and research partnerships across all sectors.  Recently, ocean and marine related businesses have found renewed opportunity as new and large Irish and European Union (EU) investments have expanded the potential interaction in ocean technology, ocean observation, aquaculture, ICT and marine tourism. Newfoundland and Labrador’s oceans and marine activities align with those of Ireland and the international partnership supports objectives for NL business and institutional expansion.

A consultant has been hired to provide match-making service on the ground to arrange appropriate meetings for delegates with Irish based companies and institutions. The consultant will work with participants in arranging and scheduling meetings with identified targets, resulting from pre-market consultant work. During the trade mission week, and in partnership with the Canadian High Commission and SmartBay Ireland, a networking reception will take place with high level executives and policy developers from across sectors, especially those of the oceans and marine sectors.

Industry leaders come together each year for the SmartBay Principal Investigators Day and, this year, on November 26, 2014 SmartBay Ireland has opened the invitation and the day’s agenda to include NL oceans interests.  This event and others will allow our businesses and institutions to tap into new growth opportunities, where they would otherwise not have access. 

 

Sector Note: Through its agencies and institutions, Ireland is promoting business and research alliances that will contribute to expanding marine capability with real potential for business and research partnerships in Europe’s ‘Blue Economy.’ The European Union’s economic development policy is firmly focused on optimizing the wealth of the oceans with jobs, subsurface mineral development and Arctic expansion.

The Irish economy recorded robust growth in Q2, with GDP up by 2.7% (seasonally-adjusted) over the quarter and up 4.1% in year-on-year terms. GDP is expected to grow by 2.7% in 2015 and employment to grow 2% annually to 2018. (Irish Department of Finance, April 2014.)