The Irish beef industry cannot be killed by the need for a Mercosur trade deal

Published 2024년 11월 13일

Tridge summary

In 2023, Ireland's beef exports reached a value of €2.7 billion, marking a 2% increase from the previous year. The Mercosur countries, which are the world's fifth largest economy outside the EU with over 260 million people and an annual output value of over €2.2 trillion, are a significant market for the EU's beef exports. Despite the lack of a preferential trade agreement between the EU and Mercosur, EU companies continue to export over €45 billion in goods and over €23 billion in services to Mercosur, creating over 855,000 jobs in the EU. However, the EU's insistence on high standards for imported food raises concerns about the continuity of Brazilian beef imports to the EU, given that Brazil's production standards do not meet EU requirements and may need to change for exports to the EU to continue.

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

Original content

Ireland exported €2.7 billion worth of beef in 2023, up 2% from 2022. The beef industry is an integral part of Ireland's rural economy. Mercosur is a major market for EU exports and, to date, it is the only major trading partner of the EU in Latin America with which it has not signed a preferential trade agreement. According to official EU data, Mercosur is the world's fifth largest economy outside the EU. It has a population of over 260 million and an annual output value of over €2.2 trillion. EU companies export more than €45 billion in goods and more than €23 billion in services to Mercosur. More than 855,000 jobs in the EU are related to exports to Brazil, and more than 60,000 EU companies export to Brazil. EU companies are also major investors in Mercosur, and Mercosur companies are increasingly investing in the EU. Companies from Mercosur countries employ more than 30,000 people in the EU. More than 30,000 employees. Through the agreement, Mercosur will find it easier to ...

Source: Foodmate