British exports of English cheddar and Scotch whiskey to the EU plummet in the first quarter

Published 2021년 6월 18일

Tridge summary

British food and drink exports to the European Union (EU) saw a 47% decrease in the first quarter post-Brexit, compared to the same period the previous year, according to the Food and Drink Federation. This decline is due to new trade barriers, the coronavirus crisis, and companies hoarding before the new trade situation. The trade of goods such as English cheddar cheese and Scotch whiskeys has experienced significant reduction, leading to a loss of 2 billion pounds in exports. However, there has been a growth in trade with countries outside of the EU, with half of British food and drink products being exported to these regions.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

British food and drink exports to the European Union (EU) fell by 47 percent in the first quarter after Brexit was completed compared to the same period last year. This is shown on Friday from figures from the British trade organization Food and Drink Federation (FDF), which, among others, The Guardian writes about. In particular, English cheddar cheese and Scotch whiskeys crossed the border much less often. The trade association cites three causes of the loss of exports: new trade barriers due to the departure of the British from the EU, the corona crisis and the hoarding of companies before the new trade situation. The United Kingdom withdrew from the European customs union on 1 January, with the result that, for example, customs papers are again required to be able to trade. As a result, trade between the two blocks is less smooth. The 47 percent drop in exports amounts to a loss of 2 billion pounds (2.33 billion euros). "The loss is a disaster for our industry," Dominic ...

Source: Nu