British food exports to EU ‘have fallen £3bn a year since Brexit’
by Jack Simpson from Economics | The Guardian on (#6SNN7)
Centre for Inclusive Trade Policy report finds trade flows have shown no signs of returning to previous levels
Exports of British food to the EU have dropped by nearly 3bn a year since Brexit, a trade thinktank has said, with new physical and documentary checks at the border complicating trade.
A report by the Centre of Inclusive Trade Policy (CITP) has found that the export of UK food and agricultural products to the EU has fallen by more than 16% on average across the three years since Britain left the single market, when compared with the three years before the exit.
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