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UK secures £240m trade deal with China for dairy exports

UK secures £240m trade deal with China for dairy exports
2018-08-28

From: FoodBev



The UK has secured a multi-million-pound deal which will allow it to import its dairy products made with milk from third countries into China.

Estimated to be worth £240 million over five years, the agreement gives UK producers increased flexibility in sourcing the dairy they use in their products.

The announcement comes as demand for most dairy categories in China grew by more than 20%, according to the UK government. Last year, the UK exported over £96 million of dairy products to China.

A study published last year by Euromonitor International predicted that China will overtake the US as the world’s largest dairy market by 2022, with drinking yogurt being a key growth driver.

UK international trade secretary Liam Fox yesterday signed the agreement with China’s General Administration of Customs.

“This is my fourth visit to China this year and I’m delighted to see the completion of this deal, bringing significant benefits to dairy producers across the UK at a time when British food and drink exports are at a record high,” said Fox.

“China is the UK’s fifth largest trading partner, with exports growing by 28.5% in 2017 when compared with the previous year.

“As an international economic department, DIT [UK Department for International Trade] is working with our partners across the world to liberalise international trade by removing barriers to commerce, helping businesses and ensuring greater choice for consumers worldwide.”

UK environment secretary Michael Gove said: “Our world-class dairy producers already export £1.7 billion worth of produce per year. This milestone will help to unlock the UK food and drink industry’s full potential forging new trading relationships around the globe.”

The UK’s trade commissioner for China Richard Burn added: “The appetite in China for UK produce is clearly already strong. However, there remains untapped potential across all food and drink categories.

“Imports into China of products such as yogurt, flavoured milk and cheese have seen rapid growth as Chinese consumers increasingly associate these items with nutrition and wellbeing.”

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