The hard facts of dairy
In a recent article in the Irish Independent Brendan Keenan noted: “Almost 600 million litres of raw milk crossed the border from the North last year. Imports of drinking milk were valued at €175 million.” All sorts of fantasy deals between UK and EU have been mentioned but they tend to disappear after one or two airings. Without some such currently unimaginable deal, in a little over two years that milk will be subject to a WTO tariff of 31.7% payable at Killean, Aughnacloy or Lifford.
And that’s just milk. Have a look at the Bord Bia/Irish Food Board analysis of all food and drink exports to the UK valued at €4.4 billion for 2015 – up a billion euro over the previous five years largely as a result of the meat sector. In the event of a hard Brexit what tariff will that attract?