South Korea deal will offer enormous opportunity for UK pork sector

Published 2023년 2월 6일

Tridge summary

South Korea presents a significant market opportunity for UK pig producers, says the National Pig Association (NPA). The DIT is seeking input for a new free trade agreement with South Korea. Despite only accounting for 0.86% of South Korea's pig meat imports in 2021, the NPA believes there is potential for increased UK exports, especially with the recent approval of bacon, ham, and pork sausages. The NPA is urging the Government to support a variety of export markets to recover carcass value and provide resilience for the UK pig sector.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

South Korea will offer major opportunities for UK pig producers, the NPA has stressed, ahead of negotiations on a new free trade agreement. The NPA has responded to the Department for International Trade’s call for input on trade with South Korea. “South Korea is a very significant pork market, not just in Asia but globally,” said NPA senior policy adviser. “Pork is the number one protein for Korean consumers and they have the third highest consumption per capita on earth. Its pig meat imports are increasing and there is continued growth in meat consumption. “It has a population of more than 50 million people and, therefore, presents an enormous opportunity for the UK pork sector, particularly as we already have market access and a continuity trade agreement that has allowed trade to continue after the UK’s exit from the EU.” In 2021 South Korea imported 465,000 tonnes of pig meat but UK exports only accounted for 3,999 tonnes of that (0.86%). There is clearly an opportunity to ...
Source: PigWorld

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