VIETNAM, September 8 –
HA NOI — Ireland sees great potential to supply high-quality dairy products to the Vietnamese market, especially as tariffs will be reduced to zero percent on the first day of next year.
Thanks to the European Union (EU) and the Vietnam Free Trade Agreement (FTA), European dairy tariffs will be abolished on January 1, 2023, after which Europe’s market share is expected to increase.
“As a country at the heart of Europe, we see the huge potential of the trade agreement to export high quality Irish agricultural products to Việt Nam,” the Irish Minister of State told the Ministry of Health. ‘Agriculture, Food and the Navy, Martin Heydon. TD, claiming that Việt Nam was an important strategic partner of Ireland.
Through the EVFTA, Ireland will also benefit from the zero percent tariff, which is currently 15 percent.
“Recognition of Việt Nam as an important trading partner of the EU, as well as the European Union’s EVFTA taking effect on August 1, 2020, Bord Bia, the Irish Food Board, aims to introduce high quality dairy products range to Vietnamese customers,” the minister said. Hydon.
Heydon said Europe is the largest dairy producing region in the world, producing around 145 million tonnes of dairy products in 2021. Ireland, a traditional dairy powerhouse, has around 17,000 farms.
According to Bord Bia, the Irish government agency which manages the promotion, business development and marketing of the Irish food, drink and horticulture industry, Ireland has a herd of 1.6 million dairy cows producing 8.8 billion liters of milk, an average of 5,648 litres. /head.
Bord Bia said Ireland exported more than 30 million euros of food and drink products to the Vietnamese market in 2021, an increase of 55% compared to 2020.
The minister said exports of Irish dairy products like cheese, milk and powder to Việt Nam had increased by 159% in value in the first six months of 2022.
Nguyễn Đỗ Anh Tuấn, director of the international cooperation department of the Ministry of Agriculture and Rural Development, said that Việt Nam has export assets for rice, coffee, rubber, pepper, cashew nuts, tea, wood, etc., but also imported many products in short supply such as meat products, fertilizers and pesticides.
Michael Murphy, CEO of Bord Bia, who traveled to Việt Nam with the Minister, announced that Bord Bia’s new three-year strategy sets out a target of €800 million in Irish food and drink exports to Southeast Asia by 2025, led by the Irish dairy and meat sectors.
In his study Prioritizing Markets – Opportunities for Growth (2017), Bord Bia identified Việt Nam and the wider Southeast Asian region as a priority destination for Irish food and drink exports, with a strong potential for dairy product exports in particular.
As part of the trade mission, Minister Heydon will meet with representatives from the Ministry of Agriculture and Rural Development of Việt Nam to discuss market access issues and will also attend Bord Bia trade receptions with customers of Irish dairy, pork and seafood products in Hà Nội.
Ciaran Gallagher, Regional Director, South East Asia, Bord Bia, said: “With South East Asia’s population expected to grow by another 100 million people by 2050, there will be demand for ‘growing import, and one that ‘Ireland is uniquely positioned to meet’.”
He added: “Ireland and Việt Nam share the same understanding that security of supply is essential to enable both countries to plan for growth and success and as such we are committed to developing a relationship. sustainable business with our customers here”.
He added that the ambition is to further build on the strong partnerships that Ireland has with its customers in Việt Nam and that trade missions such as this are a valuable way to raise Ireland’s profile in as a food producing nation and to unlock business opportunities for Irish food and drink. businesses.
The delegation announced that Bord Bia would organize an Irish stand at the Food & Hotel Asia (FHA) trade show in Singapore as part of the trade mission. —VNS