The UK government has released a new set of Tariff Schedules with increased import protection for most UK food products. This is good news as it means the UK will maintain import protection close to EU levels unless or until a trade deal is done with say the EU or the US. The UK government may still attempt to keep a lid on UK food prices through Tariff Rate Quota for example but details of planned changes there are not yet known.
The message for farmers is this buys time – protection from lower priced imports will not disappear or drop drastically on 1 January 2021 as was implied in the previous set of UK Tariff Schedules.
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