Darragh O'Brien (Fianna Fail)
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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 cooperation, 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.

Denis O'Donovan (Fianna Fail)
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I second the motion.