Welsh farmers face a “perfect storm” if the UK has a “hard Brexit” but strikes a free trade deal with New Zealand, a leading union has warned.
The Farmers’ Union of Wales fears its members will face barriers to trading in Europe while the link-up with New Zealand could see Welsh lamb priced off the shelves.
It warns that gaining “4.5 million consumers on the other side of the planet” will not “make up for the loss of a 500m consumer market on our doorstep”.
Prime minister Theresa May has promised a “bold new trading relationship” with New Zealand, a country seen as one of the best prospects for an early trade deal when the UK leaves the EU.
Source: Wales Online