Brexit – British food sector: a free trade agreement with the EU is essential
According to the British food producer and retail networks, the sector will definitely need a free trade agreement with the European Union after the termination of the British EU membership.
The National Farmers Union (NFU), the Food and Drink Federation (FDF) and the British Retail Consortium (BRC) made the call in a joint letter.
Separately, the EEF engineering group said a deal needed to be struck.
Terry Scuoler, the chief executive of the EEF, said: “The EU is our sector’s single biggest trading partner in a complex, tightly interwoven trading environment.”
He told the BBC that falling back on World Trade Organization (WTO) rules would hit some sectors hard. (Kertész Róbert, MTI)
Related news
The productivity of Hungarian companies is worse than anywhere else in the EU
According to a recent analysis by GKI Economic Research Ltd.,…
Read more >EU-US tariff war: tariffs are bad for companies, even worse for consumers
European Commission President Ursula von der Leyen has expressed regret…
Read more >EU mobilises €200 billion in investment to develop artificial intelligence
The European Commission has launched the InvestAI initiative, which will…
Read more >Related news
MBH Bank: Following January’s inflation data, we are raising our inflation forecast for this year to 4.6%
Following a 4.6% year-on-year price increase in December, consumer prices…
Read more >ESG sustainability is increasingly important for domestic SMEs
Sustainability and corporate governance (ESG: Environmental, Social, Governance) aspects are…
Read more >The high inflation in January is not a Hungarian peculiarity – this is when price increases may slow down
The effects of the price increases at the beginning of…
Read more >