NFU Clarifies Stance on UK-EU Sanitary and Phytosanitary Deal
What happened
Boris Johnson stated that the NFU was 'very strongly in support' of a UK-EU sanitary and phytosanitary (SPS) deal, but later corrected himself, clarifying that the union is neutral pending the terms of the agreement. The deal is intended to make food easier to trade between the UK and the EU.
From fwi.co.uk
Why it matters
The government estimates the SPS agreement will be worth £5bn a year to the UK economy. The removal of costly certification and border delays is expected to create opportunities for exporters, though the report questions how much of that financial benefit will reach the farmgate.
From fwi.co.uk
Who's involved
- Boris JohnsonPrime Minister of the United Kingdom who confirmed the NFU's position on the SPS deal.
- NFUThe representative body for British farming interests that is monitoring the SPS deal.
- governmentThe governing body that estimates the economic value of the SPS agreement.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- NFUSpeculative
The NFU might see improved export opportunities due to the reduction of costly certification and border delays.
- EnglandSpeculative
Trade dynamics in England could change as the SPS deal alters regional trade regulations.
- EuropeSpeculative
The regulatory and trade relationship between the UK and Europe could fundamentally change due to the agreement.
Keep exploring
The entities involved
- NFU
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Boris Johnson
Prime Minister of the United Kingdom from 2019 to 2022