Creed & Co. Set off on Japanese/South Korean Trade mission.


Minister Creed has led a governmental trade mission to Japan and South Korea, with hopes of securing vital new markets.

Creed & Co. Set off on Japanese/South Korean Trade mission.

  • ADDED
  • 5 mths ago

Minister Creed has led a governmental trade mission to Japan and South Korea, with hopes of securing vital new markets.

This weekend saw Minister for Agriculture, Food, and the Marine, Michael Creed, lead a group of delegates on a trade mission to South Korea and Japan.

The week-long mission will be used as a way to seal vital export markets for Ireland. Mr. Creed will be accompanied by 40 representatives of the Irish food sector, as well as by experts from his Department, the CEO of Bord Bia and senior representatives from Enterprise Ireland and Teagasc.

The team will begin operations in Tokyo, where the Minister will engage in a round of meetings with key political figures. He will also host a number of promotional events to facilitate engagement between Irish food companies and potential customers. The delegation will then travel to Seoul in South Korea on Wednesday for a similar round of engagements.

Speaking in advance of the visit, Minister Creed stressed the importance of building ties in South Korea and Japan. He said it is vitally important to secure these markets ahead of Brexit.

“Trade missions play a crucial role in raising the profile of Ireland. They help to build the kind of political, official and commercial relationships that can make a real difference to Irish food and drink exporters. This work is critically important against the background of Brexit.” he said.

He said he wants to develop Ireland’s profile as the producer of food of the highest quality and standard.

“This is a really opportune time to bring a delegation of Ireland’s food leaders to this part of the world, given that the EU has concluded Free Trade Agreements with Japan and South Korea in recent times. I want to develop Ireland’s profile as a producer of safe, high-quality food. To do this effectively, you need to be in the marketplace, developing positive relationships with Japanese and South Korean buyers, regulators and political counterparts” he added.

Creed then pointed to the previous trade mission to the region four years ago, which he said proved successful for the beef sector.

“The last trade mission to Japan in December 2013, was extremely helpful in securing beef access to the Japanese market. We are now deeply involved in negotiations to gain beef access to the market in South Korea and I hope that we can make some progress on this while we are there”. He stressed.

Previous Trade and future agreements:
Ireland is already a significant exporter of dairy, pigmeat, fish, and beverages to Japan and Korea. Japan is also one of the largest importers of beef in the world. The World Beef and Cattle Analysis puts Japan third in the world for quantity of beef imported, behind the USA and China, and predict that Japan will import 815 million tonnes of beef in 2018. The Japanese beef market opened to Irish beef in late 2013, and there is now an established trade in beef offal being exported to Japan.

Ireland does not have access to the Japanese sheepmeat market, and one of the priorities of this trade mission is to begin the process of negotiation to open the sheepmeat market. Similarly, the Minister will be seeking to progress beef access in South Korea, following a visit to Ireland by a Korean veterinary delegation earlier this year.

“Japan and Korea have been identified by our market prioritisation project as key markets for beef, pigmeat and sheepmeat. We want to raise the profile of the Irish industry for those sectors that already have access to these markets, and make progress in negotiating access for others” Creed concluded.

Bord Bia CEO Tara McCarthy, said trips like these are vital to developing relationships.

“We know from experience, before entering any market, it is vital for companies to develop trade relationships, learn the market dynamics and to be guided by the best consumer and market insight. With this in mind, Bord Bia, in conjunction with the Department of Agriculture, Food and the Marine and the local embassies, have been working to devise multifaceted, research-led itineraries and events for the week ahead.” she said.

“This will allow the delegation to immerse themselves in two high potential export markets. This week, we are specifically focussing on getting our companies best positioned to capitalise on any opportunity these markets will present into the future.” she added.

The trade mission will conclude on Friday 17 November, following a range of meetings throughout the week.

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