Sector News

UK-China beef export deal could be worth £230 million

October 21, 2019
Consumer Packaged Goods

The UK-China Beef Protocol was signed last week by Farming Minister Robert Goodwill and the Chinese Ambassador to the UK Liu Xiaoming.

The culmination of several years of site inspections and engagement between UK and Chinese government officials, the finalised deal ends negotiations and will secure market access for UK beef exporters by the end of 2019. It could be worth an estimated £230 million for British producers in the first five years alone, according to a release published by DEFRA.

The agreement means that British beef exporters will now have full access to the Chinese market for the first time in more than twenty years, marking an end to the ban imposed by the Chinese government in 1996 following the bovine spongiform encephalopathy (BSE) outbreak.

International trade secretary Dr Liam Fox commented: “Today’s step is welcome progress for our world-leading British beef producers, who will soon be able to export their products to one of the world’s largest economies, supporting local jobs and bringing millions of pounds to the UK economy each year… As we leave the European Union, we will continue to break down market access barriers to make it easier for UK businesses to trade across the world.”

The announcement comes after China recently approved five British pork plants to export products to China, which will build on a market which is already worth £70 million per year.

China is currently the UK’s eighth largest export market for food and drink, with more than £610 million worth of products bought by Chinese consumers last year.

By Bryony Andrews

Source: FoodBev

comments closed

Related News

December 3, 2023

‘Hangover Beauty’ tipped to be top trend in 2024 – WGSN

Consumer Packaged Goods

A new wave of brands is emerging that promotes indulgence and rejects the notion of sacrifice. Low-maintenance “hangover” beauty products are designed to address the effects of late nights and partying without judgment or hassle, and even include cosmetics that are formulated in a way that means you can fall asleep in your makeup without feeling guilty.

December 3, 2023

Diageo transforming Captain Morgan and Smirnoff distribution with circular packaging strategy

Consumer Packaged Goods

The pilot will allow the company to scale circular packaging in about 18 markets over the next three years, an approach that jumps on the success of similar efforts in the company’s Indonesia ecoSPIRITS program, which launched in 2022 and is active in 38 bars.

December 3, 2023

Unilever CEO: We will stop ‘force fitting’ purpose to our brands

Consumer Packaged Goods

Unilever’s focus on purpose across its brands has been a source of criticism from some of its investors. Its new CEO Hein Schumacher says the company now recognises there are some brands where the concept is simply not relevant.

How can we help you?

We're easy to reach