EU-Mexico trade deal can boost the European exports of pork and poultry
Ireland officials are showing confidence that the new EU-Mexico trade deal could increase the exports of pork, poultry, and dairy for Irish and European producers.
The Minister for Agriculture, Food and the Marine Michael Creed has welcomed the joint statement by the EU and Mexico to the effect that they have reached an agreement in principle on trade and investment in the context of the modernization of the EU-Mexico Global Agreement., reports Agriland magazine.
Full details of the agreement are still to be set but at the first glance, EU producers are going to have a significant advantage in front of the competitors in the Mexican market.
Duty-free trade for virtually all pork products after five years has been provided for, while, in the case of poultry, extensive liberalization will also take place over the period of the agreement. Also, it has been agreed on full protection of 99% of European Union Geographical Indications has also been assured.
"I hope this agreement will allow these efforts to bear fruit in the short-term, which is of course vitally important against the background of Brexit", declared minister Creed. Ireland has a significant trade surplus with Mexico, particularly in dairy, with more than €45 million in value exported in 2017, mentioned the Irish official.
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