As CNN reports, this leads one of the UK’s leading industries – the fishing one – to a low-margin industry, contributing to its destruction.
Documentation problems, late delivery of products and more than triple rising export costs to Europe undermine the ability of the industry to continue to thrive and contribute to the UK economy.
“The trading system is more expensive, complex, slower and more unreliable. For our European customers looking for guarantees on products arriving at a specific time, reliability, is everything”.
Representatives from the seafood industry protested the post-Brexit requirements, which they said led to a sharp drop in exports to the European Union.
Unfortunately for exporters, neither the UK government nor the EU, seems determined to reopen the deal after years of painful Brexit negotiations.
“Politically, the government has decided to prioritize regulatory autonomy for economic integration with the EU, and the trade deal reflects that – it does little to promote trade”, – said Sam Lowe, senior fellow at the Center for European Reforms.
While Brussels is buzzing about the takeover of London’s main business, Anand Menon, professor of European politics at King’s College London, says:
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“There may be closer cooperation between Britain and the EU, but I doubt it at the moment. What’s more worrying is the deliberate misleading of the British by their own government. They don’t admit there is a problem; they play down its importance; they say they have to wait 10 years. Why should we wait 10 years? And what should people who are suffering at this time do?”