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Implications of Brexit for developing countries agri-food trade

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  • Alan Matthews

    (Department of Economics, Trinity College Dublin, Ireland.)

Abstract

Brexit (the UK s exit from the European Union) will have important repercussions for the agri-food trade of developing countries because of the UK s size (it is the sixth largest economy in the world) and its important role as an importer of agri-food products (it accounts for 12% of the EU s imports from developing countries). These effects will occur through a variety of different channels: the consequences of higher trade costs on UK-EU27 trade; possible changes in future UK tariff and trade policy after Brexit; possible changes in UK and EU27 agricultural policy; impacts on UK agricultural production capacity; and macroeconomic channels such as changes in future UK economic growth and the value of sterling. This paper reviews the potential significance of these changes, and makes recommendations as to how developing countries might respond to these changes

Suggested Citation

  • Alan Matthews, 2018. "Implications of Brexit for developing countries agri-food trade," Trinity Economics Papers tep0318, Trinity College Dublin, Department of Economics.
    • Handle: RePEc:tcd:tcduee:tep0318
    as

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    File URL: http://www.tcd.ie/Economics/TEP/2018/TEP0318.pdf
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    References listed on IDEAS

    as
    1. Viner, Jacob, 2014. "The Customs Union Issue," OUP Catalogue, Oxford University Press, number 9780199756124 edited by Oslington, Paul.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. Implications of Brexit for developing countries’ agri-food trade
      by Alan Matthews in CAP Reform.eu on 2018-03-28 12:39:53

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    More about this item

    Keywords

    Brexit; agri-food trade; developing countries; EU;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade

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