Tuesday, 28 January 2020 10:02

Brexit will remove some uncertainty

Written by  Staff Reporters
Sirma Karapeeva. Sirma Karapeeva.

The United Kingdom’s exit from the European Union on Friday and the beginning of trade negotiations between the two blocs removes come uncertainty for NZ’s meat industry.

Meat Industry Association trade and economic manager Sirma Karapeeva says the red meat sector encourages the UK and the EU to use the transition period to December 31 2020 wisely to negotiate the terms of their bilateral trade relationship.

The UK’s exit from the EU on 31 January is a political exit, with the UK’s existing trade relationship with the EU remaining in place until the transition period is completed or a bilateral trade agreement has been agreed and implemented between the two (whichever comes first), meaning there will be no change to New Zealand’s access until then. 

Karapeeva says while the existing trade deal is in place, third party countries such as New Zealand will have a great deal more certainty about the trading conditions.  

Esther Guy-Meakin, B+LNZ's senior manager, international trade, says the red meat sector has worked collaboratively with the New Zealand Meat Board and the New Zealand Government to prepare for Brexit. 

“We have invested heavily in contingency planning, particularly around administrative issues, quota management and export documentation. This gives the sector some confidence to continue to trade into both the UK and EU markets. 

“Depending on the EU/UK bilateral trade agreement, there is still some uncertainty about how the market will respond, particularly if the UK is unable to secure favourable rules for its meat exports to the EU. This will have consequences for third party countries, including New Zealand who are trading into both markets.”  

More like this

Sector critical for NZ

Protecting farmers and key workers in the rural sector must now be a high priority as the effects of the COVID-19 pandemic start to hit this country.

Vegan milk service hits UK

OPINION: In March, the first national dairy-free milk delivery service will be coming to British doorsteps, a clear sign that veganism is on the rise in the United Kingdom.

Featured

 

COVID-19: Tax relief for M. bovis farmers

Farmers whose herds were culled in response to the outbreak of Mycoplasma bovis will be able to minimise the tax treatment of their income in some circumstances.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

Flying high

This old mutt would like to know how the sanctimonious Green Party and its MPs can continue to lecture everyone…

Put it down

Your canine crusader notes that the woke folk at Landcorp – sorry Pāmu – were recently crowing about recording a…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter

Popular Reads

Rules driving farmers out

New farming rules around sustainability are driving elderly farmers out of the dairy industry, says agri-economist Phil Journeaux.