A No-Deal scenario where the UK leaves the EU without a trade agreement would result in high tariff, new customs procedures and other barriers to agri-food trade.
Higher trade costs will deter the competitiveness of Danish food exporters in the UK relative to third countries, and lower UK incomes in a No-Deal scenario will put a downward pressure on prices. In addition, agri-food products that can no longer be sold in the UK are likely to be redirected to alternative markets (including the EU) and put a downward pressure on prices.
For further information, please contact Eva Rytter Sunesen