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Australia and Ireland have a significant trade and cultural relationship. In 2010-11 two-way Australian-Irish trade exceeded $A2.2 billion, including Australian exports such as wine, health products and electrical machinery, and imports such as food items, medicines and orthopaedic appliances. Irish investment in Australia is valued at around A$3.0 billion.
An excellent summary of 2012's figures was published in the Irish Echo in May 2013. In the article, the top ten imports and exports were identified as:
Irish exports to Australia
1. Medical and pharmaceutical products €276.3 million
2. Professional scientific and controlling apparatus €89 million
3. Miscellaneous manufactured articles €78.3 million
4. Office machines and automatic data processing machines €54.9 million
5. Live animals €43.1 million
6. Telecommunications and sound equipment €35.3 million
7. Tobacco and tobacco manufactures €16.8 million
8. Chemical materials and products €15.6 million
9. General industrial machinery and equipment €15.55 million
10. Beverages €15.51 million
Imports from Australia
1. Beverages €42.3 million
2. Medical and pharmaceutical products €24.2 million
3. Professional scientific and controlling apparatus €6 million
4. Organic chemicals €4.8 million
5. Chemical materials and products €2.9 million
6. Electrical machinery, apparatus and appliances €2.9 million
7. Miscellaneous manufactured articles €2.7 million
8. General industrial machinery and equipment €2.4 million
9. Sugar, sugar preparation and honey €2.2 million
10. Plastics in non-primary forms €2 million
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There are approximately 80,000 holders of Irish passports who are Australian permanent residents, and in 2010-11 there were a further 76,432 Irish visitors to Australia.
Australia and Ireland also share bilateral agreements covering taxation, social security, medical treatment for travellers and working holidays for young people.
While the majority of our activities take place within Australia, our board and members are active in business beyond these shores and are able to advise on a range of topics regarding international trade, Australia as your gateway to the Asia Pacific region and Ireland as your gateway to Europe.
With the advantage of actual involvement at the sharp end themselves, they can advise on practicalities as well as policy.
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