International Trade Secretary secures major deal for UK dairy in ChinaStaff Writer | August 23, 2018
The UK dairy sector will receive a multi-million pound export boost as China agrees to import UK dairy products made with milk from third countries.
Britain The deal was expected to be worth £250 million
With demand for most dairy categories growing by more than 20% each year in China, it is one of the country’s fastest growing areas of food demand. The UK exported over £96 million of dairy products to China in 2017, and there has been significant interest in the market following the Prime Minister and Dr Fox’s visit earlier this year.
This deal means that producers will have increased flexibility on sourcing the dairy they use for their products.
The UK government is determined to open up agricultural opportunities to British businesses, and this announcement follows the Chancellor’s visit to China where he announced a lifting of a two-decades long ban on beef. The deal was expected to be worth £250 million.
Whilst in China, Dr Fox is attending a meeting of the UK-China Joint Economic and Trade Commission (JETCO) in Beijing, as well as meeting companies and senior Chinese government ministers to discuss trading opportunities between the 2 countries. ■