Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»EU-UK trade agreement: What it means for agricultural products
    Commodities

    EU-UK trade agreement: What it means for agricultural products

    May 21, 20253 Mins Read


    Following a meeting of European leaders – the first summit between the EU and the UK since Brexit in 2020 – it was agreed that the mutual export of agrifood products between the EU and the UK must occur again without certification, border controls or other red tape. Photo: Peter Roek
    Following a meeting of European leaders – the first summit between the EU and the UK since Brexit in 2020 – it was agreed that the mutual export of agrifood products between the EU and the UK must occur again without certification, border controls or other red tape. Photo: Peter Roek

    The mutual export of agrifood products between the European Union (EU) and the United Kingdom (UK) must occur again without certification, border controls or other red tape. This was agreed at the UK-EU summit.

    The British will ‘dynamically’ follow EU regulations for products of animal or plant origin. The UK will also contribute financially to European activities around food standards.

    This was agreed during the first summit between the European Union and the United Kingdom since Brexit in 2020, where European leaders met in London yesterday (19 May). Both parties will work on an ‘unlimited sanitary and phytosanitary agreement’. In return, London must allow European fishermen to have access to British waters until at least 2037. The EU insisted that prime minister Keir Starmer make commitments on this point before the agrifood trade could be arranged.

    ALSO READ: EU agriculture from regulation to realism: “New reality in Brussels and beyond”

    Same rules in the EU and the UK

    The agreement must concern ‘rules on health, phytosanitary requirements, food safety and general consumer protection for the production, distribution and consumption of agrifood products’. Furthermore, the conditions for live animals and pesticides will also be aligned. “The agreement must ensure that the same rules always apply in the EU and the UK,” Starmer said, adding that “our teams are working as quickly as possible” to put the agreements into practice.

    Since Brexit, the rules for ‘third countries’ apply to the export of agrifood to the British market and vice versa, including certifications, inspections and border controls. This results in higher costs and is much more of an administrative burden. The physical checks mean that trucks with fresh products to British customers often have to wait a long time, which causes spoilage.

    ALSO READ: EU proposes counter-tariffs – US grains and soy on the list

    UK share in Dutch exports down

    Dutch agricultural exports increased by 4.8% across the board last year, but for the UK this was limited to 0.3%, according to Statistics Netherlands (CBS). The UK’s share in Dutch agricultural exports decreased from 10.5% in 2015, the year before the Brexit referendum, to 7.7% in 2023. The growth of Dutch agricultural exports to the UK is lagging behind other EU markets, with which trade is easier due to the lack of formalities at customs, according to Statistics Netherlands. It is notable that the export of greenhouse materials is actually increasing.

    Producers of food and beverages in the EU do seem to be adapting to the Brexit rules more quickly than their British counterparts. Last year, the EU managed to export €52.75 billion to Britain, which was 3.3% more than in 2023. This is not only due to price inflation, because volumes also increased considerably. The Dutch share was 1.2% higher at €9.1 billion, which meant that the country remained the largest foreign supplier. Vegetables accounted for €912 million of this, chicken €723 million and potatoes €651 million. However, the EU share in total British imports fell from 71.5% to 70.7%. Britain’s exports to the EU increased by 0.5% to £16.5 billion, although there was a sharp decline in the volumes.

    Peys



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Project to construct 1,000 ponds lunched in Thoothukudi to boost groundwater, agricultural production

    Commodities

    The Global Push for a Just Transition in Energy Jobs

    Commodities

    Konami Plans All-New Metal Gear Solid Games Without Kojima

    Commodities

    Cenovus signs deal to buy MEG Energy

    Commodities

    Taiwan considers nuclear restart as energy dependence poses risks

    Commodities

    Jersey metal detectorist ‘saves marriage’ by finding wedding ring

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Commodities

    Saving Zim’s soil and averting agricultural land degradation for food-secure future

    Cryptocurrency

    Make $500 a day: Explore the future and secrets of smart cloud mining for digital currencies

    Stock Market

    Power utilities are built for the 20th century. That’s why they’re flailing in the 21st.

    Editors Picks

    Global Engagement: London FinTech Summit Partners with Top Financial Institutions

    August 15, 2025

    Vote for abundant, affordable energy

    October 23, 2024

    REPLAY. Droits de douane : Donald Trump assure qu’il “n’envisage pas” de mettre en pause ces mesures, Wall Street termine sans direction claire

    April 7, 2025

    l’élite des fonds de private equity accessible à tous

    May 18, 2025
    What's Hot

    Klarna suspend son introduction en Bourse face aux tarifs douaniers américains

    April 9, 2025

    New Cryptocurrency Releases, Listings, & Presales Today – AGISTRY, CalcifyTech, Bitcoin Hyper

    June 11, 2025

    What are Recurring Investments and How do they Work?

    August 1, 2025
    Our Picks

    Metal Gear Solid 2 Players Discover Hilarious Way to Knock Out Guards

    August 8, 2024

    The Liquid Metal That Beats the Heat

    August 25, 2024

    les fintech ont jusqu’au 31 août pour se régulariser

    June 1, 2025
    Weekly Top

    Lindsay Lohan turns heads in silver strapless top as she stuns fans with surprise appearance at Freakier Friday theatre showing in NYC

    August 23, 2025

    Cenovus signs deal to buy MEG Energy

    August 23, 2025

    Secret Fintech Payments Cloud $725 Million Facebook Class Action Settlement

    August 23, 2025
    Editor's Pick

    Asia-Pacific firms more vigilant about investments amid geopolitics: Deloitte survey

    July 14, 2024

    Budget a missed opportunity, say crypto startups

    July 23, 2024

    Govt launches satellite-based agricultural decision support system | India News

    August 16, 2024
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.