 |
answer text |
<p>In the event the UK leaves the EU without a deal, there would be a number of tools
available to help mitigate adverse impacts for the food and drink industry, as well
as for consumers and producers. These tools could include lowering applied tariffs
on certain goods, alongside tariff rate suspensions and opening up autonomous tariff
rate quotas.</p><p> </p><p>Different combinations of these tools would have different
impacts on the food and drink industry, as would different degrees of tariff reduction.
In addition, the competitiveness of the domestic industry is heavily affected by a
number of other factors, including commodity prices, exchange rates and oil prices.
These drivers will continue to apply when we leave the EU, regardless of tariff rates.</p><p>
</p>
|
 |
