New Brexit trade tariffs could protect domestic food producers | News

New Brexit trade tariffs could protect local food producers

The food industry has welcomed the announcement of Brexit trade tariffs that could protect local producers from cheaper agricultural imports.

The government recently announced the UK's new global tariff system, which could protect the country's producers from lower import prices and lower food standards.

The new tariff is intended to replace the EU's common external tariff on January 1, 2021 and applies to all agricultural imports from countries with which the United Kingdom has not yet concluded a preferential trade agreement.

However, various imported goods, including those from Turkey, continue to be subject to zero tariffs, which could make them cheaper for consumers. The government also plans to remove "unnecessary" tariff deviations applied during its EU membership, including over 13,000 variances for products such as pizza, confectionery, cookies, and spreads. Tariffs have also been removed for food products that are not or only marginally produced in the UK, including olives.

The tariff is intended to support both British companies and the local food industry. Applied in pounds instead of euros, it is said to be easier for traders to use as it is rounded off, and is a lower regime than that of the EU.

International Trade Minister Liz Truss said of the new tariff: “For the first time in 50 years, we can set our own tariff regime that is tailored to the UK economy.

"With this simple approach, we are helping UK industry and helping businesses overcome the unprecedented economic challenges of corona virus."





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