Industry & Business

Egypt Reopens Market to Irish Beef

 Breaking News
  • Arkphire Secures New Investment IT solutions and networking company, Arkphire, has announced that Bregal Milestone, a private capital firm, has completed an investment into the business. The investment by Bregal Milestone comes from their new €400 million pan-European fund dedicated to investing in high-growth European companies. Typical commitments from Bregal Milestone range from €20 million to €60 million. Arkphire provides [...]...
  • Government Investment in Research & Development Amounts to Over €750 Million in 2018 The latest figures on Government investment in research and development (R&D), published by the Department of Business, Enterprise and Innovation, show that over €750 million is estimated to have been invested in R&D in 2018. The data in The Research and Development Budget 2017-2018 publication is compiled from a comprehensive survey of thirty Government Departments [...]...
  • Smart Dublin in Partnership With Enterprise Ireland Award 21 New Innovation Contracts Approximately €700,000 is to be awarded to companies under Enterprise Ireland’s Small Business Innovation Research (SBIR) initiative which will enable them explore innovative solutions to address challenges faced by Local Authorities. 21 companies have been awarded Phase One funding to progress the feasibility of their solutions. Phase One funding will allow each recipient to carry [...]...
  • Tourism Industry Barometer Reflects Buoyant Year But Hints at Brexit Concerns Tourism performance throughout 2018 continues to be on a strong footing, according to the latest Fáilte Ireland Tourism Barometer. The survey of more than 500 tourism businesses around the country shows over half of the tourism industry is reporting their business to be up, with two thirds (64%) saying that tourism agency supports have been [...]...
  • Glanbia to Acquire SlimFast For $350 Million Glanbia, the global nutrition group, has agreed to acquire SlimFast and other brands for $350 million from the owners KSF Holdings LLP and HNS Intermediate Corporation. SlimFast is a leading weight management and health & wellness brand family distributed primarily in the food, drug, mass and club (FDMC) channel in the US and UK. It [...]...

Egypt Reopens Market to Irish Beef

Egypt Reopens Market to Irish Beef
January 06
11:15 2017

The Egyptian authorities reopened the market there to Irish beef, Minister for Agriculture, Food and the Marine Michael Creed announced on Wednesday.  The agreement provides for the approval of five Irish plants to commence exports to Egypt once the necessary technical arrangements are in place.

Egypt is the largest consumer market in the Middle East and North Africa with around 95 million consumers. It is the third biggest destination for Irish agri-food exports to Africa with exports of €45 million in 2015, almost exclusively dairy (€30.5 million) and seafood (€11 million).  This announcement follows on from the opening of the Egyptian market to live Irish cattle in February of 2016, after an inspection visit to Ireland by the Egyptian Ministry of Agriculture. The announcement also includes approval for beef offals and a limited approval for particular types of sheepmeat products.

Creed commented “I am delighted to see the Egyptian market re-opened for Irish beef once again given the size of the potential market there. We know that prior to their ban on EU beef in the late 1990’s it was one of the largest markets for Irish beef at the time. This announcement on Egypt is another example of achieving the market access goals in the Food Wise 2025 strategy. My Department will continue to work closely with Bord Bia, the Department of Foreign Affairs and Trade and Irish exporters both to seek new markets for our exports but also to enhance the existing levels of market access.”

“The search for new third country markets is a top priority for my Department and has taken on an added urgency in the context of the challenges posed by the upcoming UK exit from the EU. 2016 was a great success in terms of beef market access. It saw the extension of our beef market access to the US as well as the opening of the Canadian, New Zealand and Israeli beef markets. Significant steps were also taken in terms of beef market access to China, South Korea and Vietnam amongst others and I look forward to further progress in 2017.”

About Author

editor

editor

Related Articles

New Subscriber





Subscribe Here



Advertisements



















National Manufacturing Conference & Exhibition 2018

NIBRT Springboard Success Stories



Upcoming Events

  • No upcoming events
AEC v1.0.4