UK

British beef gets access in the Chinese market

Beef

A boost of 230 million is expected to be recorded in the first 5 years.

Posted on Jun 18 ,11:36

British beef gets access in the Chinese market

British beef could reappear on the menu in Chinese restaurants and households by the end of the year after the Chinese government agreed on market access. There have been 23 years since the last shipment of British beef was sent to China and regaining access in this market could bring £230 million for the industry in the next 5 years.
The UK-China Beef Protocol was signed on June 17 by Farming Minister Robert Goodwill and the Chinese Ambassador to the UK Liu Xiaoming as part of the tenth Economic and Financial Dialogue (EFD) between the UK and China, securing market access for UK beef exporters by the end of 2019.
“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. This comes as a result of years of hard work across Government, including at the Department for International Trade, and marks the next step in realising our global trading ambitions with unbeatable British food.

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,” said International Trade Secretary Liam Fox.
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.
“This is a major coup for our world-class food and farming industry, and a landmark move which could be worth £230 million for British business in the next five years alone. Today’s milestone reflects our ambition to maximise new trading opportunities across the world and become a truly Global Britain as we leave the EU,” declared minister Robert Goodwill.

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