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Scenario analysis source: Assessing energy and economic impacts of large-scale policy shocks based on Input-Output analysis: Application to Brexit

Research background from the latest Brexit News

Farmers should not fear Australia trade deal, UK minister says

27/05/2021
Keywords: free trade deal with Au; competition of UK farmers; gateway to TPP.

Farmers have warned they could struggle to compete if Australia was given tariff-free access to UK markets.

Mr Hands (Trade Minister of UK):

“There will be no compromise on our standards of animal welfare, food safety and the environment. That is in our manifesto commitment.”

Mr Hands said farmers should see an agreement with Australia as opening new markets overseas for their own produce.

“The agreement is a gateway into the massive CPTPP (Comprehensive and Progressive Agreement for Trans-Pacific Partnership) free trade area in Asia and Pacific”

open “doors for our farmers into some of the biggest economics of now and the future”.

Ms Thornberry (Shadow international trade secretary):

“We cannot support a deal on agricultural tariffs that will cost jobs in our farming communities, uncut our food standards, increase our carbon off-shoring and open the door to the destruction of our farming industry through further lop sided trade deals.”

UK begins process to join Asia-Pacific trade bloc

03/06/2021

The 11-member Trans-Pacific Partnership trade bloc has agreed to open accession talks with the UK.

“Membership was a huge opportunity in a post-Brexit world”.
—British government

“It will help shift our economic centre of gravity away from Europe towards faster-growing parts of the world, and deepen our access to massive consumer markets in the Asia Pacific”.
—International trade secretary Liz Truss

The TPP’s current members(11) are Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru.

China, South Korea and Thailand have also expressed interest in joining the TPP, which covers a market of nearly 500 million people.

##　Farmers’ opposition to UK-Australia trade deal grows

https://www.bbc.com/news/science-environment-57268681

research route

  1. business as usual

scenaro 2:
All the beef imported from Australia. RoEU