Industry reacts to new EU trade deal
A new trade deal has been agreed between the UK and the European Union.
Hospitality and foodservice businesses could be directly affected by the new trade deal agreed between the UK and the European Union. The prime minister Keir Starmer says the agreement will deliver on his core mission to grow the economy, back British jobs and put more money in people’s pockets.
As part of the deal, the government says a new SPS agreement will make it easier for food and drink to be imported and exported by reducing the red tape that placed burdens on businesses and led to lengthy lorry queues at the border. This agreement will have no time limit.
Some routine checks on animal and plant products will be removed completely, allowing goods to flow freely again, including between Great Britain and Northern Ireland. Ultimately, Westminster says, this could lower food prices.
Following a 21% drop in exports and 7% drop in imports seen since Brexit, the UK will also be able to sell various products, such as burgers and sausages, back into the EU again.
"The new agreement with the EU to remove trade barriers is positive news for hospitality businesses and will help to further increase access to high-quality, affordable food and drink for business and consumers alike," said Kate Nicholls, chief executive officer of UKHospitality.
‘A clear commitment to co-operate’
The UK and the EU have also agreed to co-operate further on a youth experience scheme, which could see young people able to work and travel freely in Europe again. The arrangement, which would be capped and time-limited, would mirror existing schemes the UK has with countries such as Australia and New Zealand.
"We’re pleased that there is a clear commitment to co-operate further on a youth experience scheme," added Nicholls. "These schemes are beneficial for those already working in hospitality, tourism and other cultural sectors to live and work in either the UK or EU. Not only does it provide economic benefits, but it also provides new opportunities for critical cultural exchange, which ultimately delivers richer experiences for customers.
"I urge both parties to pursue a model with maximum flexibility, and mirroring existing schemes with Australia and New Zealand is a sensible approach."
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