Brexit
consequences on the frozen potato export for The NetherlandsBrexit
consequences on the frozen potato export for The NetherlandsSamenvatting
Since the 29th of March 2017, after the invocation of Article 50, the Brexit is one of the hottest topics of the last two and a half years. A lot of assumptions have been made since, different Brexit outcomes have been talked about, possible consequences have been discussed but mainly, the big uncertainty and fear for the future trade between The Netherlands and the United Kingdom are present. This is also the case for the Dutch companies exporting frozen potato products. With the United Kingdom being their largest export market there is a high degree of uncertainty. This is mainly because the United Kingdom is not self-sufficient in producing frozen potato products. Therefor this research study will give the Dutch exporting frozen potato product companies a better idea what consequences they can expect for the different Brexit scenarios in terms of new tariffs and non-tariff barriers. A qualitative research method has been used to answer the main research question; What will change for the Dutch export of the HS200410 product to the United Kingdom with the different Brexit scenarios? The different Brexit scenarios that are dealt with are the Soft Brexit, the Hard Brexit and the no-deal Brexit. Of the three scenarios that are studied the no-deal Brexit is the one with the most significant changes. The United Kingdom will leave the European Union without any trade agreement. The goods traded between the UK and the EU will be subjected to the same requirements as third country goods as set by the WTO, resulting in a big increase in non-tariff barriers. The biggest changes in terms of costs will possibly come from the non-tariff barriers, with additional costs variating between 2.9% to almost 13%. Whereas the tariffs are expected to remain having a zero-duty rate, mainly because the UK is far from being self-sufficient. The preparation for the 31st of October is the most important for the exporting companies. Paperwork and calculating extra hours for the transport are the most important findings in this study. These will result in cost increasing effects which have to be taking in mind to see whether or not it is still profitable to export the product to the UK after the Brexit.
Organisatie | Aeres Hogeschool |
Afdeling | Bedrijfskunde en Agribusiness |
Partner | Aeres University of Applied Sciences Dronten |
Datum | 2019-11-11 |
Type | Bachelor |
Taal | Engels |