Key Intertrade report on cross-border tariffs (3)

POTENTIAL IMPACT OF WTO TARIFFS ON CROSS-BORDER TRADE

The Intertrade report seeks to put figures on three possible scenarios:

  1. WTO tariffs only
  2. WTO tariffs + 0.25% cost of NTBs
  3. WTO tariffs + 0.25% NTBs + 10% exchange rate loss.

In all scenarios it is clear that west-to-east trade is most affected and that cross-border trade is in serious trouble.

This report should be required reading for all who have influence or even views on public policy on either side of the border. There is a crisis looming for agri-food in general and for northern dairy producers in particular.  We can see no sign of significant contingency planning.