UK-EU Trade Breakthrough: Streamlined Agriculture Deal Promises Smoother Relations
The UK and EU agreed to a deal in May to facilitate agricultural trade, aiming to reduce paperwork and border checks. EU trade chief Maros Sefcovic anticipates swift negotiations with political cooperation. The deal is anticipated to relieve trade tensions, especially impacting companies like Marks & Spencer.
- Country:
- Ireland
The United Kingdom and European Union are poised to implement a May agreement that aims to ease agricultural trade friction within the year, contingent on political cooperation, according to EU trade chief Maros Sefcovic. The announcement was made during a conference on Thursday.
The deal, part of a broader UK-EU relationship reset, seeks to reduce paperwork and eliminate routine checks on plant and animal products between the UK and EU, while preserving rigorous food standards. It has yet to be finalized as negotiations continue.
Retail giant Marks & Spencer highlights the recent trade deal's impact between Britain and Northern Ireland, noting added complexities when importing to EU member Ireland. These complications have escalated costs, curtailed product range, and increased food waste according to M&S's Eddie Murphy.
(With inputs from agencies.)
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