Bord Bia - The Irish Food Board’s Post

The introduction of Irish beef into the South Korean market is expected to open up new opportunities for Irish farmers and exporters. With South Korea being known for its discerning taste for high-quality meat products, the demand for Irish beef is likely to be robust. This move also signifies a strengthening of economic ties between Ireland and South Korea. The decision to export Irish beef to South Korea comes on the heels of successful negotiations and compliance with the strict import regulations of the Asian country. This achievement showcases the commitment of both nations to fostering international trade partnerships and promoting agricultural products on a global scale. As the first shipment is scheduled to be dispatched next month, it is anticipated that this initial venture will pave the way for future trade agreements and collaborations between Ireland and South Korea. This historic moment highlights the resilience and adaptability of the Irish agricultural industry in the face of evolving market demands and international trade dynamics. #beef #southkorea #ireland

On June 13, South Korea lifted a 20-year ban on French and Irish beef. This development represented a significant moment for the EU beef industry, considering South Korea's prominent position as one of the world's largest beef import markets. Get the latest insights on what’s next for the South Korean beef industry and the other global markets: https://lnkd.in/g724AHDG #EmpowerTomorrow

Earlier this month, IESC’s USDA Foreign Agricultural Service (FAS) Food for Progress-funded Agricultural and Climate Smart Innovations Project Proyecto ATraCSI and the Guatemalan Superintendency of Tax Administration signed a letter of collaboration to improve customs procedures and enhance the commercial environment in Guatemala. The key objective of this partnership is to implement trade facilitation measures outlined in the World Trade Organization Trade Facilitation Agreement and ultimately increase Guatemalan exports.

We are honoured to be part of the South African business delegation to China on an official state visit to strengthen economic ties between the nations. Although South Africa already exports beef products to China, this mission is crucial for us to assist in expanding market access for the beef industry, ensuring that all role players — especially our primary producers — benefit from more trade opportunities during these challenging economic times. “The deepening relationship between South Africa and China, a key market for our beef exports, could unlock an additional 50% more beef exports within the next year,” said Louw van Reenen, Executive Chairman of the Beefmaster Group Board, who is in Beijing, China. In 2023, South Africa’s bilateral trade reached $34 billion, with exports totalling $12 billion. Thanks to increased global market access, in the first six months of 2024, the South African beef industry exported more beef than any corresponding period in the past eight years, according to recent data by the Red Meat Producers Organisation. “We are proud to play a vital role in global food security by supplying China with our world-class beef products. We thank the government for its laser focus on building and harnessing these trade relationships,” said Louw.  Pictured here are Louw van Reenen from Beefmaster Group, alongside Trade, Industry and Competition Minister Parks Tau, at the official state visit taking place in Beijing, China, to strengthen diplomatic and trade relations between the two countries. #investment #investing #investments #success #beef #Partnership #Exports #BeefExports 

India recently signed a Trade and Economic Partnership Agreement (TEPA) with the European Free Trade Association (EFTA), which includes Iceland, Liechtenstein, Norway, and Switzerland. This agreement aims to boost trade and investment between India and these EFTA nations. This agreement allows India to gain access to high-income markets with strong purchasing power and opens doors for Indian exports like textiles, pharmaceuticals, agricultural products, and IT services. This will encourage investments from #EFTA countries into India and open doors for technical collaboration & transfer. The agreement reduces tariffs on various goods, making EFTA exports more competitive in the Indian market and presenting lucrative investment opportunities across various sectors. The agreement also covers areas like intellectual property rights, government procurement, and trade facilitation, creating a more streamlined business environment. India and EFTA countries are members of the World Trade Organization (WTO), which provides a framework for fair trade practices.

Uzbekistan opens doors to U.S. meat and poultry exports During the U.S. Trade Representative's visit, both countries highlighted their commitment to expanded trade and Uzbekistan's progress towards meeting World Trade Organization requirements, including efforts to end the Jackson-Vanik amendment and improve labor rights. The U.S. supported Uzbekistan's WTO accession, noting significant bilateral negotiations progress and compliance with WTO trade facilitation measures. 👉Details — https://lnkd.in/dRNSfD2d Office of the U.S. Trade Representative #UzbekistanUSRelations #TradeRelations #MeatExports #PoultryExports #TradeDiplomacy #EconomicPartnership #UzbekistanTrade #USUzbekistan #AgriculturalExports #EconomicEngagement

As it looks to extend trade liberalization with #Ukraine into 2025, the European Commission is considering methods of allowing eastern EU member countries to restrict imports. Cheap Ukrainian grain has spurred protests by governments, farmers and truckers in nearby countries such as Poland and Hungary. → https://ow.ly/bncP50QtFr2 #agriculture #agribusiness #grain #Europe

European Union, Russia, and Belarus were the top 3 countries with the highest total supply of 'Rye' in 2024. Together, they account for 83.21% of the global total of 14k (1000 MT). Follow @globalsavors for more. #foodsecurity #foodpricing #priceanalysis #foodcommodities #export

📅 On this day in 1860, Britain and France signed the Cobden-Chevalier Treaty, creating free trade between the two nations. This was one of the first modern-style free trade agreements between Western countries. With fewer restrictions on French wine, British wine imports nearly doubled over the next decade! 📃 This agreement, named after negotiators Richard Cobden and Michel Chevalier, included the Most Favored Nation (MFN) clause. This meant that tariff concessions agreed upon in the treaty would automatically apply to all other trade partners with a similar clause. This paved the way for the popularity of bilateral trade agreements among European countries and beyond. #InternationalTrade #Treaty #TradeAgreement #FITT