Non-tariff measures may act to obstruct trade between EU and UK
Bangladesh, Feb. 26 -- tariff measures (NTMs) could cause major fractures in post-exit trade relations between the United Kingdom (UK) and the European Union (EU), knocking up to US$32 billion, or 14 per cent, off of UK exports to the EU, according to a new UNCTAD study.
The study quantitatively explores the post-Brexit role of NTMs and the consequences for developing countries by simulating possible impacts using a panel data gravity model, said the report released on Tuesday.
Under a tariffs-only scenario, exports of developing countries to the UK would increase 1.3% to 1.5% while a tariffs-and-NTMs scenario would see them rise 3.5% to 4%, according to the study.
The positive impact would be strongest in agriculture, food and beverag...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.