According to a comprehensive report by Worldway: Led by Irish Minister for Agriculture Simon Coveney, the agenda focuses on opening the beef market and raw hide exports. They hope this friendly visit will increase sales of their products.
According to news from leatherbiz.com on Tuesday, the Irish trade delegation has set off for China to consult with the Chinese side on opening the beef market and increasing raw hide trade.
The delegation is composed of Irish politicians and agricultural entrepreneurs, led by Irish Minister for Agriculture Simon Coveney, with an agenda focused on opening the beef market and raw hide exports. They hope this friendly visit will increase sales of their products.
Coveney stated that Ireland has been at the forefront of agricultural development for the past 30 years.
In 2013, Ireland's raw hide exports to China reached $60 million, making it the second-largest trading partner after the United Kingdom. According to World Bank data, the export value of raw hides in 2012 was $50 million.
Recently, the American consulting firm Bain & Company, in collaboration with the Italian luxury goods industry association, released the "Global Luxury Goods Market Monitor." The report analyzes that the growth rate of global personal luxury goods consumption in 2014 will be only 2%, the lowest growth rate since 2009. Among them, the Chinese market will see its first negative growth since luxury goods entered mainland China.
Industry insiders believe that the luxury goods market in China is gradually heading toward a downturn. The financial reports released by major luxury groups over the past month have further confirmed this assessment.
Worldway Editor
