economy United Kingdom
IPPR estimates UK-EU trade losses from product-rule barriers
3.7BGBP
The IPPR estimated annual UK export losses to the EU from the absence of a mutual recognition agreement at £3.7bn.
The IPPR estimated that the UK may be losing £3.7bn to £6.5bn a year in exports to the EU because manufacturers face duplicate product testing and other regulatory barriers. It called for talks on a mutual recognition agreement.
1 sourceThe GuardianUpdated
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- 3.7BGBP
AllegedThe IPPR estimated annual UK export losses to the EU from the absence of a mutual recognition agreement at £3.7bn.
“may have cost UK exporters between £3.7bn and £6.5bn each year”
- 6.5BGBP
AllegedThe IPPR estimated annual UK export losses to the EU from the absence of a mutual recognition agreement at £6.5bn.
“may have cost UK exporters between £3.7bn and £6.5bn each year”
- 0.18%
AllegedThe estimated loss of UK-EU trade equals about 0.18% of annual UK national income.
“the loss of trade amounted to about 0.18% of annual national income”