New Chile pork export deal to be worth £20m over five years
17th Mar 2022 / By Alistair Driver
The UK has secured a new pork export deal with Chile worth an estimated £20 million over the first five years.
Authorities in the South American country have today given the green light to 27 pork processing sites from across all four devolved nations to start commercial exports.
The UK has an association agreement with Chile, which largely maintains prior preferential trading arrangements and rules of origin. This means UK pork exporters can benefit from the import tariff under the Most Favoured Nation tariff of six per cent, subject to certain conditions.
The announcement follows on from Mexico opening its doors to British pork last September, in a deal estimated to be worth £50 million over the first five years.
AHDB International Market Development Director Dr Phil Hadley said: “This announcement is the latest in a run of successful market access wins for the red meat sector and is another example of the high regard and reputation our products command overseas.
“Opening the market for UK pork to Chile, following gaining access to Mexico, will provide our pig farmers and processors with another valuable market to sell their products, providing a much-needed boost for the sector in difficult times.”
Farming Minister Victoria Prentis said: “The pig sector is facing a range of challenges and we must make use of all levers available to us. That includes new export markets, and it is great to see the Chilean market open its doors to our pig producers.
“This will be worth £20 million over the next five years and will build on other measures we have introduced to bolster the industry.”
Pork production in Chile remained stagnant last year, with imports rising year after year for the last decade due to increased demand. As the second most consumed meat in Chile, consumption is expected to increase steadily, reaching an estimated 26.8kg per capita by 2029.
The UK exported £339m of pork in 2021, with over two thirds going to non-EU destinations, demonstrating the value of new markets.