The recently agreed EU-US trade agreement is an end to significant tariff threats and “uncertainty around future US trade policy,” Minister Martin Heydon has said.
He was welcoming the outcome of the trade negotiations between the European Union and United States which will see the 15% tariff rate agreed remain the maximum tariff rate, with no future stacking.
In comparison, Irish butter exports, since April, have faced an additional tariff rate of 10% stacked on a pre-existing tariff of 16%.
Minister Heydon said Ireland’s strong trading relationship with the US has mutual benefits for businesses on both sides of the Atlantic.
“Since April, our food and drink businesses have faced major uncertainty around future US trade policy. This agreement means an end to that uncertainty and avoids the very significant threats associated with a No-Deal scenario,” he said.
“President von der Leyen also referenced certain products being included in a ‘zero-for-zero’ tariff rate. I look forward to seeing more detail on this in the coming days.”
Trade
The United States is the second most important market for Irish agri-food, with exports valued at €2bn last year.
In addition, Minister of State Noel Grealish added: “I welcome this outcome which will give certainty to Irish food and drink businesses exporting to the US market.
“Together with Minister Heydon, my Department and Bord Bia, I will continue to support new market development and market access efforts for our quality, sustainable food and drink products.”
Read more
EU-US trade deal is good news for Irish agri-exports
Meat consumption to grow by 46m tonnes in next decade
The recently agreed EU-US trade agreement is an end to significant tariff threats and “uncertainty around future US trade policy,” Minister Martin Heydon has said.
He was welcoming the outcome of the trade negotiations between the European Union and United States which will see the 15% tariff rate agreed remain the maximum tariff rate, with no future stacking.
In comparison, Irish butter exports, since April, have faced an additional tariff rate of 10% stacked on a pre-existing tariff of 16%.
Minister Heydon said Ireland’s strong trading relationship with the US has mutual benefits for businesses on both sides of the Atlantic.
“Since April, our food and drink businesses have faced major uncertainty around future US trade policy. This agreement means an end to that uncertainty and avoids the very significant threats associated with a No-Deal scenario,” he said.
“President von der Leyen also referenced certain products being included in a ‘zero-for-zero’ tariff rate. I look forward to seeing more detail on this in the coming days.”
Trade
The United States is the second most important market for Irish agri-food, with exports valued at €2bn last year.
In addition, Minister of State Noel Grealish added: “I welcome this outcome which will give certainty to Irish food and drink businesses exporting to the US market.
“Together with Minister Heydon, my Department and Bord Bia, I will continue to support new market development and market access efforts for our quality, sustainable food and drink products.”
Read more
EU-US trade deal is good news for Irish agri-exports
Meat consumption to grow by 46m tonnes in next decade
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