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No-deal Brexit could cost Denmark billions

The cost to Denmark’s food industry could stretch into billions of kroner if the United Kingdom leaves the European Union on 29 March without a withdrawal agreement. That situation could cost Denmark up to 17 billion kroner in exports, the Ministry of Environment and Food said in a press statement. In 2017, Denmark exported 3.7 billion kroner of dairy products and 3.4 billion kroner of pork products to the United Kingdom. A no-deal Brexit would result in higher levies on exports of these products to the UK, the ministry said. Ten Danish food producers – which represent 80 percent of the country’s total food export to the UK – have, in partnership with economic consultants Copenhagen Economics, submitted a report to the Ministry of Environment and Food, in which they were asked to consider alternative markets.

- The Local -

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