"Current policies and strategies must be tested to see if they are still fit for purpose"
"This week, Donald Trump cautioned the UK on doing trade deals with China, but despite the bluster, his point might just as well have been delivered to Ireland."
"Quite recently, we saw a successful trade and diplomatic visit to China led by Taoiseach Micheál Martin. Similar to most other EU states, we were keen to curry favour and attract Chinese investment."
Current policies and strategies toward China must be tested to ensure they remain fit for purpose. Donald Trump cautioned the UK on doing trade deals with China, and the same caution applies to Ireland. Ireland recently completed a trade and diplomatic visit to China led by Taoiseach Micheál Martin. Like most EU states, Ireland sought to curry favour and attract Chinese investment. Governments must weigh economic opportunities against strategic and political risks, assess investment security, and ensure long-term national interests and resilience are not compromised by short-term gains. Regular review and clearer guidelines on foreign investment can help recalibrate approaches.
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