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

    Barrières en métal, parpaings, pierres… une quarantaine d’individus piègent des policiers qui intervenaient pour un vol de moto

    Commodities

    La lente construction d’un barrage en Côte d’Ivoire, entre ambitions énergétiques et désillusions

    Commodities

    FEQ : puissant et provoquant Slayer | Radio-Canada

    Commodities

    une tendance haussière qui confirme son rôle d’amortisseur de crise

    Commodities

    Davis Commodities conçoit une plateforme pour le règlement des produits agricoles via la blockchain

    Commodities

    Davis Commodities étudie la tokenisation du commerce agricole alors que le cadre réglementaire des stablecoins progresse aux États-Unis

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Cryptocurrency

    Cryptocurrency scam sends former bank CEO to prison for detonating a bank

    Commodities

    FG, AFTDAN partner to strengthen agricultural value chain and promote sustainable farming 

    Cryptocurrency

    California Advances Crypto Bill to Enable State Payments in Digital Currency

    Editors Picks

    Finfrog obtient l’agrément de société de financement et franchit une étape décisive dans son développement

    March 11, 2025

    Peregrine Gold Says Agreement Executed With Individual Over Peninsula Prospect (en anglais) -Le 25 mars 2025 à 01:25

    March 24, 2025

    Government May Gain Control Over Pataudi Family’s Rs 15,000 Crore Property In Bhopal

    January 21, 2025

    Geneos Wealth Management Inc. Raises Stock Holdings in Aberdeen Standard Physical Silver Shares ETF (NYSEARCA:SIVR)

    July 13, 2024
    What's Hot

    Un gisement d’or géant a été découvert, le montant estimé du butin est affolant

    April 12, 2025

    “Faites attention à ce que vous donnez à manger à vos enfants” : l’alerte des médecins sur l’exposition de la population au cadmium

    June 4, 2025

    Vietnam to diversify markets for agricultural products amid global trade shifts

    April 21, 2025
    Our Picks

    3 High-Yielding Dividend Growth Stocks to Buy and Hold for Years

    February 4, 2025

    Martin Towns nommé directeur Monde

    April 4, 2025

    Mac Copper Outlook 2025 For CSA Copper Mine Production Of 43,000 – 48,000 Tones (en anglais seulement) -Le 24 février 2025 à 12:38

    February 24, 2025
    Weekly Top

    Mesa Laboratories (NASDAQ:MLAB) Will Pay A Dividend Of $0.16

    July 12, 2025

    FIP Silver Koksijde & Giulianova – Plusieurs Français en piste pour les huitièmes

    July 12, 2025

    Crypto Week Begins July 14 as Congress Votes on Key Bills

    July 12, 2025
    Editor's Pick

    Dedacoin: Facilitating universal adoption of crypto using sheer innovation

    August 7, 2024

    China Looking To Expand Range of Digital Yuan Amid Potential Monopoly of US Dollar-Pegged Stablecoins: Report

    March 23, 2025

    Blockchain drives tokenized property ownership — Here’s how

    March 17, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

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