The eagerly awaited deal has been secured by the UK government, working with the Agriculture and Horticulture Development Board (AHDB) and UK Export Certification Partnership (UKECP). Exporters can take advantage of the market as soon as the administrative listing process is completed and export certification is made available.
According to Food Minister, George Eustice, "Access to this new market in Taiwan is great news for our farmers and producers and gives a welcome boost to the pork production industry - already worth £1.3 billion to the UK economy".
AHDB International Market Development Director Dr Phil Hadley estimates the value to the UK to be in excess of £50m based on current UK export capacity but if this were to rise to match the strong demand for pork imports in Taiwan, where last year alone imports rose by 26% to US$178.3m.
UK pork exports were worth £290 million to UK's economy last year, reaching over 80 export markets. This new agreement is expected to be worth more than £50 million over the next five years.
The deal also means UK exporters can further tap in to the overseas demand for parts of the pig carcass that are not commonly purchased in the UK, such as offal. This means UK farmers and pork processors will be able to generate income for the whole carcass.
Wednesday August 8, 2018/ DEFRA/ United Kingdom.