Charles Flanagan (Laois, Fine Gael) | Oireachtas source

Trade between Ireland and Mongolia is modest in value and, indeed, in volume. In 2015, total merchandise trade was valued at €8.2 million. Of that, exports from Ireland were at €7.4 million while imports were roughly 10% of that figure. There is potential, however.

While the figures are modest and the engagement is little more than minimal in terms of our own international footprint, there is potential in the equine industry and also in agriculture as Mongolia looks to develop further. I am also very conscious of Ireland's engagement in the equine and bloodstock industry and associated trade opportunities in feed and so forth. There certainly are opportunities but I must acknowledge that the current practice is low.