IDA Ireland opens Shanghai office
{{date|May 20, 2005}}<br>
[[Image:IDA Ireland.png|right]]
[[Ireland|Ireland's]] highly successful inward investment body, [[w:IDA Ireland|IDA Ireland]], has announced that it is to open an office in [[w:Shanghai|Shanghai]], [[w:China|China]]. The office will be aimed at attracting Chinese multinationals to invest in Ireland.

IDA Ireland was founded in 1949 as the Industrial Development Authority, however it underwent serious restructuring in 1994 when it became the Industrial Development Agency (Ireland). Since 1994 it has attracted several billion euro worth of foreign direct investment to Ireland and has attracted big names such as [[w:Google|Google]], [[w:eBay|eBay]], [[w:Amazon.com|Amazon.com]], [[w:Dell|Dell]], [[w:Microsoft|Microsoft]] and [[w:Intel|Intel]] to set up operations in Ireland.

In 2003 IDA-supported companies spent €14.7 billion in the Irish economy and directly employed several thousand. It is noted that despite attracting over 500 US multinational corporations to Ireland, the IDA have to date only attracted one Chinese company, [[w:Huawei|Huawei Technologies]].

==Sources==

*{{source|url=http://www.chinadaily.com.cn/english/doc/2005-05/20/content_444407.htm| title=Ireland to open investment office in China | author= |pub=China Daily|date=May 20, 2005}}
*{{source|url=http://www.washingtonpost.com/wp-dyn/content/article/2005/05/20/AR2005052000433.html| title=Ireland to Open Investment Office in China | author= |pub=The Washington Post|date=May 20, 2005}}
*{{source|url=http://www.businessworld.ie/livenews.htm?a=1176334;s=rollingnews.htm| title=IDA to open office in China | author= |pub=Business World|date=May 20, 2005}}
*{{source|url=http://www.rte.ie/business/2005/0520/ida.html| title=IDA Ireland to set up shop in China | author= |pub=RTE News|date=May 20, 2005}}
*{{source|url=http://www.bizplus.ie/news/644| title=IDA Ireland To Open Office In China | author= |pub=Business Plus|date=May 20, 2005}}

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[[Category:Economy and business]]
[[Category:Europe]]
[[Category:Ireland]]
[[Category:China]]
[[Category:Shanghai]]
right
Ireland's highly successful inward investment body, IDA Ireland, has announced that it is to open an office in Shanghai, China. The office will be aimed at attracting Chinese multinationals to invest in Ireland.

IDA Ireland was founded in 1949 as the Industrial Development Authority, however it underwent serious restructuring in 1994 when it became the Industrial Development Agency (Ireland). Since 1994 it has attracted several billion euro worth of foreign direct investment to Ireland and has attracted big names such as Google, eBay, Amazon.com, Dell, Microsoft and Intel to set up operations in Ireland.

In 2003 IDA-supported companies spent €14.7 billion in the Irish economy and directly employed several thousand. It is noted that despite attracting over 500 US multinational corporations to Ireland, the IDA have to date only attracted one Chinese company, Huawei Technologies.
Economy and business Europe Ireland China Shanghai