UK aims to penetrate PH for its beef products
United Kingdom is eyeing the Philippines anew as its newest potential market for its beef products. This, after 20 years of being banned here because of mad cow disease.
Richard Graham, UK Prime Minister’s trade envoy to the Philippines and other ASEAN countries, said once British companies started exporting their beef products here, it could potentially be valued around $45 million (£34 million) in annual exports.
He also said that they will largely cater to the country’s upscale market, which can easily afford high quality imported products.
Before the resumption of beef exports was agreed upon, a series of negotiations occurred between Philippines and UK.
“British exports coming to the Philippines is a semblance of the fiesta and part of our psyche,” Graham said.