AHDB Reassures: NZ/EU FTA Unlikely to Impact UK Agricultural Exports
Source: The DairyNews
The Agriculture and Horticulture Development Board (AHDB) has provided reassurance that the recently enacted New Zealand/European Union (NZ/EU) free trade agreement (FTA) is not expected to pose a threat to agricultural exports from the UK.
AHDB's analysis indicates that while the FTA enhances access for New Zealand sheep meat, beef, and dairy products to the EU market, it is unlikely to displace UK exports.
Despite concerns within the industry regarding potential competition, AHDB highlights several factors supporting the resilience of UK exports. These include a decline in EU sheep meat production, the UK's strong foothold in the dairy market, and its substantial beef exports to the EU.
The analysis suggests that the UK's differentiated product offerings and established market presence will help maintain its position as a major supplier to the EU, even with the implementation of the NZ/EU trade deal.
AHDB emphasizes the need for ongoing monitoring of trade dynamics, acknowledging the potential impact of changes in New Zealand's trade relationships on EU trade.
Despite concerns within the industry regarding potential competition, AHDB highlights several factors supporting the resilience of UK exports. These include a decline in EU sheep meat production, the UK's strong foothold in the dairy market, and its substantial beef exports to the EU.
The analysis suggests that the UK's differentiated product offerings and established market presence will help maintain its position as a major supplier to the EU, even with the implementation of the NZ/EU trade deal.
AHDB emphasizes the need for ongoing monitoring of trade dynamics, acknowledging the potential impact of changes in New Zealand's trade relationships on EU trade.
