In recent days, the UK Government has confirmed that Taiwan is gearing up to welcome British pork exports for the first time in history.
The good news, which has been secured by the Agriculture and Horticulture Development Board (AHDB) in recent days, opens up a new market for British food exporters which could be worth an estimated £50 million over the next five years, estimates suggest.
According to the Government’s Department for Environment, Food & Rural Affairs (Defra), the proposed deal will also enable British exporters to “generate income from the whole carcass” of a pig, by taking advantage of overseas demand for parts of the animal which are unpopular among British consumers but big business in Asia.
The news comes at a good time for British food exporters, after China lifted its two-decade long ban on UK beef exports back in June.
Meanwhile, recent official data suggests that the food and drink sector has been performing particularly well internationally in recent years, with exports soaring to a record-breaking £22 billion back in 2017.
Commenting on Britain’s new ties with Taiwan, International Trade Minister, George Hollingbery said: “Following years of hard work by UK Government, the opening of the Taiwanese market to British pork will bring significant benefits to UK pork exporters.
“This follows a record level of UK food and drink exports last year.
“This only goes to highlight the UK’s world-famous reputation for high-quality produce, and we are committed to maintaining those high standards as we leave the EU next spring.”
Reanda UK is a subsidiary of leading independent accountancy firm Grunberg & Co Limited. Our aim is to help businesses and individuals to navigate the UK’s world-renowned business and tax infrastructure, and to support them with their international ambitions. To find out how we can help you, please contact us.
