From then, the UK will need to be told of animal-based food imports, including meat, milk and eggs. Under World Trade Organisation (WTO) terms, the UK can impose tariffs on food from the EU, which could raise prices for Britons. How will it affect British firms selling products to EU? The UK would trade with the EU on WTO rules – at least until a host of smaller deals can be done. British firms may also have to prove most parts in their products originated in the UK – not easy for those with global supply chains.

Source: Daily Mail December 05, 2020 22:43 UTC