Northern Ireland Companies Urged to Seize Opportunities in Asia

Over 100 local companies discovered how the fast growing economies of the Far East represent an excellent opportunity for them to increase sales and accelerate their growth, at a recent information seminar organised by Invest Northern Ireland.

They were taking part in the one-day ‘Doing Business in Asia’ event run in partnership with UK Trade and Investment (UKTI) and Ulster Bank.

The event, one of a series run throughout the UK, focused on the support available and the prospects for Northern Ireland companies thinking about doing business in Asia.

With the economies of South-East Asia set to expand by 50 per cent by 2015, the government has put renewed emphasis on giving firms the help they need to sell in the world’s fastest growing markets.

Alastair Hamilton, Chief Executive, Invest NI, said: “This event was about helping Northern Ireland companies to take advantage of the export opportunities in Asia. It has long been recognised by Invest NI as an important marketplace for the very broad range of products and services provided by our companies. We were very keen to hold the event in Northern Ireland and customise it to reflect the opportunities for and support available to our companies.

“At the seminar, companies were able to talk to trade experts to access their knowledge, networks and get help to identify and exploit the opportunities in Asia.”

John Saville, UKTI Director for Asia said: “UKTI provides expert trade advice and practical support to UK-based companies wishing to grow their business overseas. By working in partnership with Invest NI and Ulster Bank at this event we can effectively advise NI companies of the importance of the Asian marketplace.

Ian Jordan, Head of Business and Commercial Banking NI, Ulster Bank, said: “This was a great opportunity to listen to local businesses trading in Asia, or those hoping to do so. It was also about showing how we can marry the financial tools we offer Northern Ireland companies looking overseas, with the all-important connections on the ground, via our global parent, RBS.