China's green transition and emphasis on technology, and research and development form the bedrock of a promising partnership between Ireland and China, according to Michael Lohan, the CEO of IDA Ireland, the agency responsible for promoting foreign direct investment into Ireland.

Speaking with China Daily on Chinese Premier Li Qiang's visit to Ireland, Lohan underscored the common values shared by both nations — open economies with a steadfast commitment to innovation and economic development.

"From an Ireland perspective, we believe that we should be engaging openly and collaboratively. And we believe that China, given the scale of China's economy, given the innovation within China, they're the same traits that the Irish economy has," he said.

Li's visit to Ireland is perceived as a substantial step in enhancing bilateral relations, with Lohan highlighting the significance of Li's visit following his engagement at Davos. This decision symbolizes a unique relationship extending beyond business to encompass broader global affairs and societal impacts, he added.

"I believe it speaks of the unique relationship between China and Ireland, demonstrating the willingness of both parties to actively contribute, as all relationships require multiple factors and players," Lohan added.

Lohan pinpointed key areas of collaboration, notably foreign direct investment, R&D, and economic development, with a specific focus on digital and sustainable sectors.

Ireland sees itself well-positioned to capitalize on the global shift toward digital and sustainable practices. He stressed Ireland's commitment to carbon reduction and renewable energy, identifying these as areas where appropriate partnerships with China can drive innovation and growth.

Sustainability stressed

"Within the areas of sustainability, digitalization, and healthcare innovation, they're all key areas that Ireland has a strong value proposition and a track record of success," said Lohan.

Recent exploration by IDA representatives in China, particularly in the sustainable energy sector, reflects Ireland's eagerness to identify collaboration opportunities.

As IDA Ireland celebrates its 75th anniversary of attracting and supporting FDI, Lohan sees the collaboration between China and Ireland poised to usher in a new era of economic and technological cooperation. The focus on green transition and technology could be the driving force behind a mutually beneficial partnership, elevating both economies on the global stage, he added.

wangmingjie@mail.chinadailyuk.com