Monday, December 30, 2024

Elimination of trade barrier with South Korea could mean £1m of business for pork exporters

UK companies can export products such as bacon, ham and pork sausages to South Korea after the resolution of a trade barrier blocking UK exports of processed pork products.

South Korea’s Ministry of Food and Drug Safety had previously banned UK exports of the products, but this ban was lifted ahead of Christmas after action from the government.

It is estimated that the Korean market could be worth up to £1 million to UK exporters in the first five years.

Korea is a meat-loving nation and pork products are consumed in a number of traditional dishes, from Samgyeopsal (‘Korean BBQ’) to Budae Jjigae (‘Army Stew’). In 2021, around 27.6 kilograms of pork were consumed per person in South Korea, with consumption increasing over the years.

The UK exported £339 million of pork globally in 2021, with over two-thirds going to non-EU destinations, demonstrating the value of unlocking markets around the world.

Trade Secretary Kemi Badenoch said: “This is good news for British farmers who haven’t been able to sell their pork to South Korea because of a trade barrier.”

Food Minister Mark Spencer said: “British pork is renowned across the world for both its quality and its great taste.  The hard work of British teams to open up this market means British bacon and sausages can be the heart and Seoul of South Korean celebrations and dinners throughout the year.”

Registering to export is simple and the British Embassy in Seoul are able to support UK businesses who want to take advantage of this and other export opportunities.

The new deal will upgrade our trade agreement with South Korea, ensuring a more modern and fit-for-purpose deal that builds on our existing £14.3 billion trading relationship and meets the specific needs of the UK. This will include important areas such as digital trade, enhanced climate provisions and further support for small and medium sized businesses.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news