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Bord Bia announces Brexit supports for Irish food and drink exporters

Written by Robert McHugh, on 30th Jun 2016. Posted in Agriculture

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It was announced today that Bord Bia will host a Brexit briefing event for food and drink exporters next Wednesday (6th July) in Dublin as it commences its range of support activities for the Irish agri-food industry.
 
The early morning event will bring together exporters and specialists in currency management, UK consumer behaviour and EU trade regulations.

The event follows on from intensive Bord Bia engagement with UK customers through its London office and its own post-Brexit survey of food and drink exporters.
 
At the event, Bord Bia will outline its strategy for consolidating Ireland`s position in the valuable UK market and look to equip exporters in managing short and medium term challenges that follow the UK referendum result on EU membership.
 
A recent survey, undertaken over the weekend and early this week, together with one-to-one discussions revealed that Irish food and drink exports to the UK accounted for 41% of total exports in 2015, valued at €4.4 billion, significantly this was an increase of 7% on the previous year.  

As such, the exposure of the food and drink exporters to fallout from the UK electorate`s decision to leave the EU is more acute than any other sector.
 
Furthermore, while one in three companies say they will search out new markets, the remaining two thirds will opt for alternative solutions, generally focusing on a reduction in costs and recovering losses from higher prices.
 
Chief Executive at Bord Bia, Aidan Cotter commented, "While our post-Brexit survey of food and drink companies indicates obvious concern about the short term shocks and uncertainty, exporters expressed a desire to hold their ground in the UK and are seeking assistance in developing the skills required to manage their way through the current difficulties based on insight and feedback from UK customers, buyers and consumers."

Source: www.businessworld.ie

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