Italian farmers’ group Coldiretti have warned that due to the impact of Brexit, the arrival of these products could begin imminently. The fake Made in Italy products, which is estimated to move around 100 billion euros throughout the world, has included the USA as one of the major counterfeiters of the industry.
Following Brexit, Britain have been attempting to negotiate a privileged trade agreement with the USA.
As well as the USA, there have also been negotiations being carried out which would cause further privileged trade agreements in place with both Canada and Australia.
It has been estimated by Coldiretti that the impact of Brexit has not gone unnoticed by the beverage and food sector of Italy as it is said there has been a loss of around 5 percent on average.
But imports into the country have saw a significant decrease since the Brexit deal had been agreed by Britain.
We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info
Numbers show that there have been a significant decline in pasta imports since Brexit, with an estimated drop of around 28 percent.
Furthermore, products such as tomato sauce have seen a decline of 16 percent in imports, with wines and sparkling wines also experiencing a reduction by 7 percent.
With all of these declines of imports, it is estimated by Coldiretti that there has been a 5 percent drop in the arrival of Italian food and drinks that have come across the Channel to Britain.
Prior to Brexit, the estimated worth of exports from Italy to the UK was around £2.9billion.
Now these exports have significantly declined, Britain have been looking for alternative ways to level out the money which could potentially be lost due to the decline.
The decline of the Italian food and drink industry has subsequently put at risk some trading deals which are in place at present.
One significant exports which are at risk is the agri-food exports from Italy to Britain.
The agri-food exports from Italy to Britain, estimated to be worth around 3.4 billion euros, have been Britain’s fourth biggest trading partner – behind Germany, France and the United States.
Would Scottish independence wreck the UK’s fishing industry? [COMMENT]
Brexit boost: Commonwealth Games to show UK as ‘confident country’ [REVEAL]
Sturgeon independence in tatters as energy plan ‘missing’ from policy [OPINION]
The stop in exports have been mainly caused due to what is believed to be both bureaucratic and administrative difficulties following Brexit.
Coldiretti have explained that they have faced issues when arriving at any borders, as a Brexit-related red tape has held up the transportation of products.
These issues include the problems which arise by the customs procedures and increase in transport costs which have arisen following Brexit.
These issues which have been faced with the transportation of the products have meant there have been far more delays and greater controls when transporting the goods and products.
But Coldiretti has concluded that as well as the economic problems which they believes has been triggered by Brexit, the threat of becoming a trojan horse for the fake Made in Italy products could be equally as damaging.
Lorenzo Bazzana, Coldiretti’s economic officer has expressed concerns about the future ahead, saying that the overall trade is expected to fall in 2021.
Mr Bazzana said: “It’s a problem because the UK is Italy’s fourth-largest export destination after Germany, France and the US.”
Source: Read Full Article