Bord Bia, the government agency tasked with promoting Irish food, has warned that the UK’s exit the EU represents a significant challenge to one Ireland’s largest industries.
Speaking following the vote, Aidan Cotter, Chief Executive, Bord Bia pledged that Bord Bia would continue to support and work with industry to maintain and build on this vital trading relationship against the background of any new trading arrangements that will be negotiated.
“The UK is Ireland’s largest customer for food and drink. Despite its continuing and expanding global reach, the UK has continued to represent a growth opportunity for the Irish food and drink industry, driven by a strong economy and an increasing population. The UK is a net importer of food and Ireland as an exporter is considered a perfect match. The immediate focus of food, drink and horticulture exporters concerns the development in the sterling versus euro relationship and how to manage the increased volatility that has emerged following the vote. The resilience of the Irish food sector, the longstanding and strong trading relationship between Ireland and the UK, and the close ties between both countries will help the Irish food industry navigate through these uncertain times.”
Cotter conclude: “Our London office is in close engagement with Ireland’s leading customers across the UK and we will work closely with industry and with the Department of Agriculture, Food and the Marine as negotiations commence.”