Alternative markets for Danish agri-food products in a No-Deal Brexit scenario
Alternative markets for Danish agri-food products in a No-Deal Brexit scenario
Original title: Alternative exportmarkeder for fødevarer som følge af Brexit
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.
The Danish Ministry of Environment and Food has asked Copenhagen Economics to identify alternative markets for Danish agri-food products in a No-Deal scenario.
Based on interviews with large Danish food producers and statistical analysis, the study identifies potentials in both nearby markets and growing agri-food import countries such as South East and East Asia and the Middle-East.
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Related work
The Department of Business, Enterprise and Innovation, for the Government of Ireland
Ireland & the impacts of Brexit
Danish Business Authority (Erhvervsstyrelsen)
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Governments of Ireland, Denmark, Finland and the Czech Republic
Making EU trade in services work for all
The Irish Department for Business, Enterprise and Innovation
Danish Ministry of Industry, Business, and Financial Affairs
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Related links
Børsen 15 January 2019 (in Danish)
“Hård Brexit kan koste danske virksomheder 26 mia. “Vi er nødt til at forberede os på et no deal-scenarie””