3.6 billion euros worth of Italy's agri-food exports to UK at risk
Max Civili
Press TV, Rome
A latest study by the national farmers' association Coldiretti has found that difficulties in trade with the UK could put 3.6 billion euros worth of Made in Italy agri-food exports at risk.
Italy's agri-food exports into the UK have already decreased by over 2% since Prime Minister Boris Johnson signed a Brexit trade deal with the EU back in December. Experts say the drop is a direct consequence of Brexit.
The UK ranks fourth among Italy’s food and beverage trading partners after Germany, France and the US. Pasta, tomato derivatives, cheese and dairy products are the main Italian export items to the UK.
Among other Italian products exported to Britain are transport, clothing, machinery and appliances and metals.
Trade volume between the two countries stood at about 35 billion euros in 2020 but due to red tape and new tariffs many are concerned it may drop significantly in the coming months.
Coldiretti has also expressed concern over the decision by Downing street to move away from European food standards. This way Britain risks being flooded with cheaply produced or counterfeit food and drinks.
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