Big in Japan: More British chicken will head to the ‘land of the rising sun’ June 16, 2021 The UK has bagged a £65m market access deal with Japan which will see more British chicken served on Japanese tables over the next five years. The agreement, which is estimated to be worth up to £13m per year, will see UK farmers ship poultry to the world’s third-largest economy. International trade minister Ranil Jayawardena [...]
€229m drop in April: Imports from Britain to Ireland continue downward slope June 15, 2021 Irish imports from Great Britain in April decreased 20 per cent from a year ago. Imports have continually fallen since Brexit, according to a Bloomberg report. Ireland’s statistics office today reported imports from Britain fell by €229m compared with April 2020. The greatest decreases were in the imports of “Food and live animals” and “Chemicals and related products”. Goods [...]
Pound wobbles as trade row engulfs start of G7 summit in Cornwall June 10, 2021 After a show of strength over recent months, the pound wobbles on the eve of the G7 summit, and although it’s likely to avoid a precipice, issues being debated at the top of the Cornish cliffs this weekend, risk another decline, according to Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown in London. [...]
UK holidaymakers warned of summer essentials shortage June 7, 2021 Summer essentials like garden furniture, picnic baskets and outdoor toys could be in short supply this year, with many British suppliers experiencing import delays this month. Around 60 per cent of British suppliers have experienced import delays, the BBC reported, with the Suez Canal blockage earlier this year partly to blame. Increasing global demand for [...]
Post-Brexit: UK inks £21bn trade deal with Norway, Iceland and Liechtenstein June 4, 2021 The UK has inked a new trade deal with Norway, Iceland and Liechtenstein, which will see some tariffs on British exports, which were as high as 277 per cent, slashed. The deal is the first the three European countries have dedicated chapters to digital trade and small businesses. “Today’s deal will be a major boost [...]
Brexit: £20bn UK-Norway trade deal implodes over British beef and cheese as crucial deadline passes May 28, 2021 A wide-ranging free trade pact between the UK and Norway will have to be pushed back as Norway’s coalition government failed to reach an agreement today. The three governing parties had until today to reach consensus over fears that a free trade deal would hit farmers in Scandinavia’s richest country too hard. The Christian Democrats [...]
Landlocked Brexit: Switzerland-EU talks collapse as Bern walks away from €227bn trade deal May 28, 2021 The Swiss government has informed the European Commission it is ending efforts to reach an agreement on a long-anticipated political treaty that would cover trade between the two countries. Switzerland refused to agree to the EU demand that the treaty would include freedom of movement stipulations. “We regret this decision, given the progress that has [...]
UK mulls a carbon tax on polluting imports May 28, 2021 The Prime Minister is considering a carbon tax on imports that would hinder companies outsourcing their emissions and also protect farmers and local producers from being undercut from low-regulation rivals.
UK-EU trade tumbles a quarter in first three months since end of Brexit transition period May 25, 2021 The total volume of trade between the UK and the EU plunged nearly a quarter in the first three months after the end of the Brexit transition agreement. New figures from the Office for National Statistics (ONS) today showed that total trade fell 23.1 per cent in the quarter, as compared with the same three [...]
Brexit exclusive: UK-Norway trade deal close to collapsing as Christian-Democrats block pact to protect farmers from British beef and cheese May 24, 2021 A comprehensive free trade deal between the UK and Norway is at risk of collapsing as the Christian Democrat party fears such a pact would hit farmers in Scandinavia’s richest country too hard. The Christian Democrats party (Krf), part of the current coalition government, plans to block opening up the Norwegian market to British beef [...]