The Ireland–Hong Kong Trade Relationship: Opportunities and Outlook for 2025
- Kristina Coluccia
- Mar 4
- 3 min read
As Irish companies look to diversify and scale in a dynamic global economy, Hong Kong is re-emerging as a high-potential gateway to Asia. Backed by a strong bilateral relationship, favourable trade frameworks, and growing sectoral synergies, the Ireland–Hong Kong trade corridor offers rich opportunities in 2025 and beyond.
A Growing Trade Relationship with Global Potential
Trade between Ireland and Hong Kong continues to deepen, driven by mutual strengths in financial services, fintech, technology, education, and high-quality agri-food. In 2023, total bilateral trade reached €1.7 billion, with Irish exports to Hong Kong accounting for €1.1 billion, reflecting strong demand for Ireland’s world-class pharmaceuticals, medical devices, and premium food products.
Key sectors of activity include:
Technology & Innovation: Irish software, cybersecurity, and medtech firms are finding fertile ground in Hong Kong’s digital economy push.
Financial Services: Ireland’s reputation in funds, fintech, and sustainable finance aligns with Hong Kong’s position as a global financial centre.
Agri-Food & Beverages: Irish dairy, beef, and spirits—especially whiskey—are premium choices in the Hong Kong market.
Favourable Trade Frameworks: DTA and Beyond
A significant enabler of this relationship is the Double Taxation Agreement (DTA) between Ireland and Hong Kong, in force since 2011. The DTA eliminates the risk of being taxed twice and offers reduced withholding tax rates on dividends, interest, and royalties. For Irish businesses, this means greater financial predictability and improved capital efficiency.
In addition to the DTA, Hong Kong’s free port status, zero tariffs on most imports, and common law system (familiar to Irish firms) create a frictionless entry point into the broader Asia-Pacific region.
Support on Both Sides: Making Market Entry Easier
For Irish companies, entering the Hong Kong market is no longer a leap into the unknown. Both governments actively support bilateral trade and expansion:
From the Hong Kong side:
InvestHK offers bespoke market entry support, free advisory services, and introductions to sector partners and incubators.
HKTDC (Hong Kong Trade Development Council) connects Irish exporters with local buyers and helps navigate market access.
From the Irish side:
Enterprise Ireland has an established Hong Kong presence, helping Irish SMEs scale across Asia.
Funding supports such as the Market Discovery Fund and mentoring initiatives further de-risk the expansion process.
Irish Success Stories in Hong Kong
Irish businesses are already thriving in the city:
Kerry Group, a global taste and nutrition leader, has been expanding its presence in Hong Kong and the Greater Bay Area to tap into growing demand for clean-label food ingredients.
Fexco, a fintech pioneer, established operations to serve Asian clients and participate in regional innovation.
Jameson Irish Whiskey has become a household name, with targeted marketing and local partnerships driving brand success.
These companies highlight a broader trend: Irish firms are valued in Hong Kong for their innovation, reliability, and international outlook.
Expert Voices: The View from the Ground
According to the Consulate General of Ireland in Hong Kong, the trade relationship is “strategically important and mutually beneficial.” In a recent statement, the Consulate noted:
“Ireland sees Hong Kong not just as a market, but as a platform to access China and ASEAN. We’re working closely with local partners to support Irish businesses at every stage of their journey.”
Similarly, the HKTDC emphasizes that Irish expertise is well-matched to Hong Kong’s economic priorities:
“Hong Kong welcomes Irish companies in sectors like fintech, green tech, health innovation, and premium food. Our ecosystem is open, competitive, and international in character—making it a natural fit.”
Why This Matters: Opportunity Meets Readiness
For Irish companies looking East, Hong Kong offers a rare combination of regulatory familiarity, high purchasing power, and unrivalled access to the Greater Bay Area and wider Asia-Pacific.
With the trade relationship on solid footing—and with support available at every turn—2025 is the ideal time for Irish firms to explore what Hong Kong can offer.
Thinking about expanding to Hong Kong? Now is the time to act.
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