A proposed split to NZ dairy’s tariff rate quotas for Brexit is being viewed as unjustifiable and flawed.
Beef + Lamb NZ’s chief executive has made a stinging attack on Britain and the European Union over their plans to introduce inflexible quotas for sheepmeat to the two entities when Brexit occurs.
“On a knife-edge,” is how NZ’s former high commissioner to London, Sir Lockwood Smith, describes the British government’s EU exit plans.
Despite Brexit being foreshadowed as a handbrake on Britain’s exports to Europe, it seems the future holds no fear for construction and farm machinery maker JCB, which has just released impressive year 2017 financial results.
New moves are afoot, this month, to try to resolve the issue of tariff rate quotas (TRQs) which will threaten New Zealand sheepmeat exports to Europe when Britain leaves the European Union (EU) next year.
With the UK’s Brexit scheduled for April 1, 2019, discussions in Ireland are centred on tariffs, with a general call for a ‘soft’ Brexit that would allow present cross-border agreements to apply in the foreseeable future.
Despite the unknowns of Brexit and the US-China trade war, New Zealand’s sheep and beef farmers are pretty bullish about the future.
Britain should hold a second referendum on Brexit to make sure the British people fully understand what they will be in for when the UK leaves the European Union (EU) in six months.
There is now a 50:50 chance Britain will crash out of the European Union without any sort of deal concluded, says a recognised Irish commentator.