Global Industry: The trade cost of a no-deal Brexit

Bremerhaven. (bm) As a member of the European Union (EU), the United Kingdom (UK) is part of about 40 trade agreements through which EU members enjoy preferential market access in about 70 countries. In the event of a no-deal Brexit, and in the absence of replacement agreements (rollover deals), the UK would abruptly lose preferential access to these markets and, by default, would have to export under World Trade Organization Most Favoured Nation (MFN) tariffs. While the UK has already managed to roll over a number of such agreements, negotiations for many others are still ongoing. If these agreements are not concluded before their exit from the EU, Brexit could cost the UK billions in export earnings in key markets – the United Nations Conference on Trade and Development (Unctad) reveals in a new study. Other topics of the week:

• Unctad: British Exporters Face Brexit Crunch [CH] Fri 09-06
• AgMotion: Terra and Stone Mill Add Roasting Capability [US] Fri 09-06
• Campbell: sells European snack assets to Valeo Foods [US] Thu 09-05
• Luckin Coffee: Pilots Innovative Retail Partnership Model [CN] Thu 09-05
• Orkla buys Dutch bakery ingredient manufacturer [NO] Thu 09-05
• Greencore Group: acquires British Freshtime Limited [UK] Thu 09-05
• Burton’s Biscuit: Acquires Paterson Arran [UK] Wed 09-04
• Costa Coffee: opens new commuter-focused concept stores [UK] Wed 09-04
• SunOpta Inc. Appoints Chief Financial Officer [CA] Wed 09-04
• RGF: Board compliments CEO from within the Group [UK] Wed 09-04
• LaSalle Capital sells DeIorio Foods [US] Wed 09-04
• Costa Coffee UK: launches «At Home» retail range [UK] Wed 09-04
• Corbion: Adds Organic Options to Vinegar Portfolio [NL] Tue 09-03
• Premier Foods: Announces Appointment of Chairman and CEO [UK] Tue 09-03
• Campbell Reports Fourth-Quarter and Full-Year Results [US] Mon 09-02
• Keystone Capital: partners with Hometown Foods [US] Mon 09-02
• Bimbo: first compostable bread packaging line in Mexico [MX] Sat 08-31
• Campbell: Appoints Chief Financial Officer [US] Sat 08-31