“Trade is essential for Ireland’s export-focused agri-food sector. The United States is the second most important market for Irish agri-food, with exports valued at €2 billion last year. Ireland’s strong trading relationship with the US has mutual benefits for businesses on both sides of the Atlantic.

“Since April, our food and drink businesses have faced major uncertainty around future US trade policy. This agreement means an end to that uncertainty and avoids the very significant threats associated with a No-Deal scenario.

“President von der Leyen has confirmed that the 15% tariff rate agreed will be a maximum tariff rate, with no stacking. This is positive for Irish butter exports in particular, which since April have faced an additional tariff rate of 10% stacked on a pre-existing tariff of 16%.

“President von der Leyen also referenced certain products being included in a ‘zero-for-zero’ tariff rate. I look forward to seeing more detail on this in the coming days.

“I will be engaging with stakeholders on the details of the agreement.”

“I welcome this outcome which will give certainty to Irish food and drink businesses exporting to the US market. Together with Minister Heydon, my department and Bord Bia, I will continue to support new market development and market access efforts for our quality, sustainable food and drink products.”