Ireland Food Exports: Brexit barriers would ruin Northern Ireland food exports
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With Brexit looming. Ireland's farming industry is bracing itself for potential economic fallout. Some fear it could hit hard one of the country's main exporters. But shock at Brexit among the country's food producers is beginning to give way to the development of coping strategies. Richard Bestic reports from Ireland's County Monaghan, where one firm is planning a remarkable standby position.
RICHARD BESTIC MONAGHAN "Brexit poses a challenge for companies across Ireland. This company, Silver Hill Foods has sites both North and South of the border. They're rising to that challenge of Brexit by, quite literally, selling Peking Duck to the Chinese. I'm suited and booted, let's go and have a look."
Silver Hill Farm produces 80,000 ducks a week, with plans to double that number within five years.
It's a thriving firm, where 220 staff work across every level of production from breeding and hatching through to the table in London's Chinatown.
With nearly half its exports going to the UK, Silver Hill's vulnerable to Brexit.
So, plans to increase its share of the market in the East
MICHEAL BRIODY, CEO SILVER HILL FARM "Oh absolutely, if we break into South East Asia first and then China beyond that, certainly it'll make up for any blip in sales that Brexit related."
The cost to Ireland's farms of Brexit, according to a European Parliamentary impact report, could be as high as $6 billion dollars.
Key concerns among farmers, a possible rise in the cost of doing business through tariffs, as well as currency pressures.
With 40% of its exports going to the UK, government ministers are working to minimize a Brexit hit to the Irish economy.
HELEN McENTEE IRISH EUROPE MINISTER "Moving into phase II, obviously we don't know what our future relationship will look like. We as a country would like to see the closest possible relationship with the UK. They are our closest neighbours. In many of our industries, they are our closest trading partners."
Or as they say at Silver Hill Farm, hope for the best, prepare for the worst.
RICHARD BESTIC MONAGHAN "With apparent agreement between both Dublin and London, it's looking like Silver Hill foods here could have a bright future. One thing's for sure, they're not allowing Brexit to get them into a flap. RB, CGTN, on the North-South Irish border."