UK and Norway fail to reach fishing dealBBC (29 April)

  • Despite weeks of talks, the UK and Norway have failed to reach a fishing deal for this year. The UK government claimed that it had ‘put forward a fair offer’ on access to the UK’s waters and in regards to fishing quotas, but an agreement could not be met.
  • As a result, the UK will not have access to Norway’s waters, particularly known for their cod catches. The industry warns that hundreds of British crews will be affected.

British trade groups call for quick normalisation of UK-EU co-operation – FT (29 April)

  • After the ratification of the TCA by the European Parliament this week, trade groups are calling on the government to use the deal’s 20 management committees to tackle the ‘teething problems’ which have materialised since the trade deal came into force.
  • Tony Danker, director-general of the CBI told the FT that ‘the next phase is normalising relations between the UK and EU in order to smooth trade and maximise the benefits of the new economic partnership’.
  • Dominic Goudie, head of international trade at the Food and Drink Federation, told the FT that ‘the customs co-operation and rules of origin committee needs to be directed to find urgent solutions to ensure the TCA doesn’t shut out small businesses’.

EU lawmakers back trade deal with Britain- Reuters (28 April)

  • The European Parliament has backed the post-Brexit EU-UK trade deal, clearing the trade and cooperation agreement (TCA) by 660 votes to five, with 32 abstentions.
  • European Commission president Ursula von der Leyen welcomed the vote, stating that ‘the TCA marks the foundation of a strong and close partnership with the UK. Faithful implementation is essential’.
  • However, EU lawmakers also voted for an accompanying resolution which describes Brexit as a ‘historic mistake’ and stresses the trade deal’s limited scope including the ‘vastly reduced’ opportunities for the UK’s service-based economy.
  • Lawmakers also criticised Britain’s approach to trading arrangements in Northern Ireland, calling for the Commission to push on with its legal action.

Brexit: Sales of milk and cream to EU down 96% and chicken and beef by almost 80% – The Independent (26 April)

  • Newly published figures show that sales of milk and cream to the EU have fallen by 96% and chicken and beef by approximately 80% due to Brexit.
  • The UK Food and Drink Federation said that post-Brexit barriers to trade have cost exporters more than £1.1bn since the beginning of the year. Data also showed that exports of food and drink to the EU fell by 40.9% between February 2020 and February 2021.
  • Whilst acknowledging the impact of the pandemic, the federation stressed that Brexit was the driving force behind the collapse in exports.

UK and Australia agree ‘vast majority’ of trade deal – Reuters (23 April)

  • In a joint statement Britain and Australia have announced that they have agreed the majority of a free trade deal. They are looking to come to a full agreement by June and are confident that outstanding issues will be resolved.
  • A trade deal with Australia is part of the UK’s post-Brexit strategy and official estimates claim that it could add £500 million to British economic output.

Author

Jessica's practice focuses on international trade and anti-bribery work, encompassing customs, export control and sanctions matters. Jessica's trade work includes advising international clients on fast-moving and evolving EU and UN sanctions, notably in respect of Iran and Russia, and on compliance with UK and EU export controls. Her trade experience also includes advising on tariff classification and customs valuations. Jessica's anti-bribery experience includes assisting with investigations, and advising clients on compliance with anti-bribery laws. Jessica has also taken a lead role in monitoring Brexit-related developments; analysing how they will affect the UK's trading position generally, and clients' businesses specifically. She has helped clients begin to conduct risk assessments of how Brexit will impact their businesses, and has assisted them in developing tailored Brexit strategies. Jessica also presents at various seminars, webinars, and conferences on the complexities of Brexit. Jessica advises global clients on complex issues arising from international transactions and works with clients across a number of sectors including pharmaceuticals, defence, finance, aviation, energy, and telecommunications. Jessica has also worked previously in Paris, and is fluent in French.

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