As Close To A Crystal Ball On Brexit As You’re Going To Get
Next month the UK will formally begin withdrawing from the European Union. How will that affect your market and your supply chain? What are the implications and are you prepared?
Agricultural Trade After Brexit
Caroline Heil
Associate M&A Corporate
Ernst & Young
Agriculture has a prominent role in the European Union (EU) and agricultural trade is one of the most important parts of the Community’s Common Market. The development of a customs union and free movement of agricultural products was - from its beginning in the 1950s - always framed by the idea of a Common Agricultural Policy (CAP) to be established among the Member States. With the United Kingdom (UK) as a strong player on the ag market leaving the EU, an influential voice in CAP will be gone. But the relationship between the UK and EU after the end of the transition period on 31 December 2020 that was agreed upon in the Withdrawal Agreement, is still unclear and subject to negotiations.
In the session Agricultural Trade after Brexit, we will focus on the influence Brexit will most likely have on agricultural trade and the ag market in Europe and what trade between EU and UK might be like as of 1st January 2021. We will build and face different scenarios likely to happen and outline potential threats, but also opportunities that may come with Brexit.