UK opens trade talks with Greenland, seeking to cut seafood tariffs

0

Negotiations on a free trade agreement between the UK and Greenland have started which will aim to reduce or remove tariffs on seafood, as well as strengthen other aspects of the relationship between the two countries .

The talks were launched on January 27, 2022, during a meeting in Copenhagen, Denmark, between the political head of the British Embassy in Copenhagen, Katherine Dark, and the Prime Minister of Greenland, Múte Bourup Egede.

The UK Department for International Trade said in a press release that one of the objectives of the negotiations was to reduce tariffs of up to 20% on Greenlandic specialties such as prawns and cod fillets, which would benefit UK supermarkets and to catering and hospitality businesses and ultimately consumers by enabling a reduction in wholesale prices.

In addition to the 10 million pounds sterling ($13.4 million, 12 million euros) of trade between the two countries, around 49 million pounds sterling ($65.7 million, 58.9 million euros ) of Northern prawns were shipped from Greenland to the UK market in 2020.

According to the UK government, an agreement will provide a platform to deepen cooperation to ensure regional stability in the Arctic as well as collaboration on UK priorities including science, technology, climate change and Development.

“A deal with Greenland will give a boost to our fish and seafood processing sector – a key industry for Yorkshire and Scotland,” said UK Secretary of State for International Trade Anne -Marie Trevelyan. “Greenland also occupies a vital geostrategic position in the Arctic and as such, I look forward to bringing our two countries together.”

The Department for Environment, Food and Rural Affairs (Defra) plans to start parallel negotiations to secure fishing opportunities in Greenland waters, which could bring significant benefits to the fishing industry. British fishing.

Grimsby Fish Market CEO Martyn Boyers said the launch of FTA negotiations with Greenland is “positive news for Grimsby” as much of the country’s produce, particularly frozen prawns and whitefish , travel to the British city to be packed by local seafood companies.

“A deal would remove any uncertainty about continuity of supply, benefiting local processors who repack Greenlandic products,” Boyers said. “The ripple effect justifies maintaining local jobs and employment and benefits local carriers who provide onward distribution to caterers, restaurants and foodservice.”

Photo courtesy of the UK Department for International Trade

Share.

About Author

Comments are closed.