Displaying items by tag: trade talks

UK farmers have sounded the alarm over reports the Government plans a trade deal with Australia which might make its food and farming imports cheaper. The move would be part of a free trade pact with Australia that the Government hopes will be a springboard for similar deals with other countries. But UK farming unions have warned of ‘irreversible damage’ from a bad deal. There is speculation the Cabinet is split over the move. As with many countries, farming imports from Australia face tariffs - making lamb and beef more expensive. UK care of livestock has far higher standards, and avoids hormonal additions. In a post-Brexit world, the Government has now indicated that farmers may have to prepare for the lowering of tariffs on agricultural imports. The NFU warned that its members will struggle to compete if zero-tariff trade on lamb and beef goes ahead.

Negotiations for a post-Brexit trade deal between the UK and EU are expected to continue next week as the deadline draws nearer. The two sides resumed talks in London this week, with a UK government source saying they were in the ‘final stage’. But big gaps still remain, and the UK described the EU’s position on fishing access as ‘wholly unrealistic’. Boris Johnson is prepared to move forward without a deal. If nothing is agreed, the UK will trade with the bloc on World Trade Organisation rules - leading to tariffs on many imports and exports, which could push up costs for businesses and consumers. Both sides say they want to avoid this outcome, but the EU will not do a deal ‘at any price’. Mr Johnson said the UK will prosper either way.