The European Union and Mexico have reached an agreement for a new trade deal which includes the importing and exporting of agricultural goods.
According to the Farmers Journal, the agreement will allow the EU to have ‘preferential access’ to the Mexican dairy market, including cheeses and up to 30,000 tonnes of milk powder per year, and this will rise to 50,000 tonnes after five years.
It will also allow the EU to increase its pork exports to Mexico with duty-free trading on most products.
Minister for Trade and Business, Pat Breen, said, “Ireland is ideally placed to benefit from the removal of tariffs from goods and services to Mexico.”
Mexico is Ireland’s largest trading partner in Latin America, with over €1.7 billion worth of trade carried out last year.
Breen added, “Ireland is a significant exporter to Mexico of powdered milk and milk derivatives, the removal of tariffs should boost this trade significantly.”
The Farmers Journal also reports that there will be newly revised rules which will simplify paperwork and physical check a Mexican Customs.
© 2018 Checkout – your source for the latest Irish retail news. Article by Aidan O'Sullivan. Click subscribe to sign up for the Checkout print edition.