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Irish Trade Mission To Iran Seeks To Boost Post-Sanctions Trade

Published on Apr 22 2016 10:48 AM in A-Brands tagged: Featured Post / Bord Bia / Department of Agriculture / Iran / Sanctions

Irish Trade Mission To Iran Seeks To Boost Post-Sanctions Trade

Bord Bia and the Department of Agriculture, as well as 17 Irish food companies, will begin a three day trade mission to Iran this weekend – the first Irish mission since international sanctions were l...

Bord Bia and the Department of Agriculture, as well as 17 Irish food companies, will begin a three day trade mission to Iran this weekend – the first Irish mission since international sanctions were lifted earlier this year.

With a young, well educated population, and an economy expected to grow by 2% annually in the coming years, the lifting of the sanctions on Iran is expected to offer Irish food exporters significant new opportunities in the region.

Speaking ahead of the visit Aidan Cotter, Chief Executive of Bord Bia commented, “As the economy grows and demand for premium food products outstrips domestic supply, Iran is looking to countries like Ireland to supply high quality, safe and sustainably produced food”.

Irish companies already had a market share of €4 million in the country in 2015, but while food was not part of the international sanctions, issues surrounding financial transactions, and dwindling foreign currency reserves, have previously made for a difficult trading environment in Iran.

Speaking on the visit Minister Simon Coveney said, "This mission will be key to re-introducing Irish companies to the Iranian market and buyers and will no doubt pave the way for greater collaboration with Irish exporters."

Cotter added, "While challenges still exist for Irish companies supplying into the market, we will work with them during this visit to explore new openings and ensure that as impediments to trade recede Irish exporters can access the market early, build fruitful relationships and grow their businesses in tandem with economic growth."

Department of Agriculture officials will also visit Turkish capital Ankara to discuss developing trade with their Turkish counterpart, while a delegation will visit Morocco and Algeria next week to discuss bilateral trade, including the opening of those markets for live cattle from Ireland.

© 2016 - Checkout Magazine by Jenny Whelan.

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