BelfastTelegraph.co.uk An Irish soap brand has told US officials it is not interested in the bid for a company to develop the soap in the US, despite the country’s bid for the lucrative American market.
Key points:The Irish soap makers will instead use a third country to produce the soapThe US will take over the soap production in the region and use a mix of Irish and American soapThe deal is worth $2.7 billion (£1.7bn) to the Irish soapmakers and is being considered by the US.
It comes as the Irish government was in the midst of negotiations to form a joint venture with the US for a new national soap plant.
The US has also expressed interest in the project, and a new US trade deal with the European Union could be concluded by the end of the year.
The deal, which would see the Irish company become the exclusive US importer of soap, is worth about $2bn to the soap makers and is valued at $1.9bn.
It would see an Irish company’s products be made in the USA, where the US is the largest importer.
The companies will also use a mixture of Irish soap and American, which is produced from a mixture from a mix between Irish and European soap.
The Irish government has previously said it wants the deal to go through, saying it would create thousands of jobs and boost tourism.
The move comes after a recent visit by US President Donald Trump.
The European Union has already announced that it will invest more than $1bn in the South Atlantic region, which has an estimated population of 1.8 million.
The United States has already said it is keen to establish a joint ventures with the region.
In January, the US announced it was considering forming a joint partnership with the South American country of Argentina to help develop a new regional soap factory.
The decision was met with mixed reactions from the South America region.
A spokesman for Argentina’s Minister of Foreign Affairs, Jose Manuel Gonzalez, told Reuters news agency: “Argentina is looking at the US proposal for a joint effort to produce a new soap plant in the United States.
The idea has not been officially approved by Argentina.”
The decision to not pursue a US deal could have serious implications for the South Americas trade relationship, as US companies are unlikely to be allowed to sell their products in the country.