Brexit has resulted in a 'significant decline' in trade flows with the EU
Brexit has caused UK-EU trade flows to fall by 16%, while EU-UK trade has dropped ...
Is that a silver lining we see? It appears from this BBC report that serious efforts are now under way to solve the seemingly intractable problems caused by the Northern Ireland protocol and the requirement to check shipments across the Irish Sea, which has caused all sorts of problem for Northern Irish supply chains and damaged trade with the UK mainland. The EU is set to unveil proposals to reduce the numbers of checks.
“The proposals are understood to include a unique deal around agri-food – which includes agriculture, horticulture, and food and drink processing – aimed at sharply reducing the checks on products moving from Great Britain to Northern Ireland,” says the report. “There will also be an arrangement to allow the continued sale of chilled meats from Great Britain in Northern Ireland; these products were facing a ban.”