Experts say that the future terms of trade will depend on which of the two possible ways of cooperation with the EU will choose UK – the so-called hard or soft Brexit Brexit.
In particular, if Britain will choose soft Brexit, the country will retain free access to the EU market. A collaborative hard Brexit involves the payment of import duties, which for most grains more than 90 euros per tonne, reports IA "APK-inform".
As expected, this situation could play into the hands of Ukrainian exporters of wheat and to help them to significantly strengthen its position in the European market, as the country now supplies its products to the EU in terms of duty-free quotas. In addition, the advantage for Ukraine can become the price attractiveness of its products, given the large difference in the cost of agricultural crops production in Ukraine and the UK.
In turn, British farmers will be forced to seek new markets for their products, most likely Asian. In addition, such development can lead to a reorientation of British agrarian the cultivation of alternative crops, including those that the UK currently imports.
Translated by service "Yandex.Translation"