A new trade agreement between Ireland and Mexico is expected to be signed at a summit. The deal is set to benefit Irish producers of butter, cheese, pork, and poultry. The agreement provides a pathway for Mexico's beef industry to overcome trade barriers. The Irish government earlier refused to ratify the EU-Mercosur trade agreement due to concerns about Brazilian imports. The Minister stated that this deal differs significantly from the Mercosur agreement. Ireland already has a significant trading relationship with Mexico, particularly in dairy. In 2024, approximately €67 million was exported from a total of €85 million. Ireland is the largest supplier of imported casein into Mexico. Ornua's Kerrygold butter and cheese are positioned to take advantage of tariff liberalization. The Minister emphasized the importance of agriculture in rural communities, with tourism also playing a role. The new deal with Mexico will be another important step in diversifying trade. The geopolitical uncertainty underlines the need to diversify the countries and areas of business.
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The Independent
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