I move:
That Seanad Éireann, having regard to its resolution of 22nd May 2013:
- whereas foreign direct investment is crucial to the Irish economy and job creation;
- whereas Taiwan is one of the largest importers and exporters in the world, the world’s largest investor in mainland China, and the EU’s 21st largest trading partner;
- welcomes the constructive approach adopted in recent years by both Taipei and Beijing to strengthen economic co-operation, thereby continuing to improve cross-strait relations and general stability and prosperity in the Asia-Pacific region;
- notes with approval that, while both Ireland and the EU as a whole have a trade deficit with Taiwan, EU exports to Taiwan have increased;
- recognises that Ireland’s trade with Taiwan is still far below its real potential;
- expresses concern that opportunities for investment and job creation should not be missed;
- believes that the legal framework for EU-Taiwan investment should be enhanced;
- calls on the European Commission to consider the potential for a bilateral investment agreement to improve market access and investment protection; and
- urges the Oireachtas to continue to promote economic and cultural cooperation between Ireland and Taiwan and friendship between our peoples.