UK: CPTPP could provide long-term benefits for dairy and red meat exports

Published 2023년 5월 15일

Tridge summary

The UK's decision to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) could significantly boost dairy and red meat exports, according to the Agriculture and Horticulture Development Board (AHDB). The analysis anticipates long-term benefits due to population growth, economic development, and the expansion of middle-class consumers in Asian and South American markets. The trade bloc could also lower or remove tariffs for UK red meat and dairy, with potential opportunities in countries like China, Taiwan, Ecuador, Costa Rica, and Uruguay. AHDB remains optimistic about the prospects, citing demand growth in key markets like Japan, Vietnam, Mexico, and Canada for these products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The UK’s decision to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) could provide long-term benefits for dairy and red meat exports. This is according to analysis from the Agriculture and Horticulture Development Board (AHDB), which launched its trade modelling work on the UK joining the CPTPP today (Monday, May 15). The levy board for farmers cited population growth, economic development, and the expansion of middle-class consumers as the drivers for long-term opportunities for red meat and dairy products. AHDB’s work, done in collaboration with Harper Adams University, revealed potentially expansive benefits in Asian and South American markets, driven by an increased demand for the products. This follows on from research done by the board last month, which concluded that the CPTPP might help boost exports of UK pork to Mexico. Opportunities through CPTPP UK Prime Minister Rishi Sunak announced on March 31, that the UK would be joining the CPTPP after ...

Source: UKAgriLand