Irish beef industry to experience hard pains under hard Brexit scenario
Irish beef industry could send 70,000 beef farmers out of business if the UK departure from the EU is going to be without a trade deal agreed between the parts. In that case, UK tariffs on Irish food could reach €1.7 billion, of which €700 million could represent tariffs applied on Irish beef, according to Irish Farmers Association.
"Whether you call it Armageddon or a wipe-out, a hard Brexit takes everything out of the system. The industry would just not be viable", said an IFA spokesman, according to Irish Times newspaper.
Estimates delivered by minister Michael Creed on the financial costs of UK imports on agri-food products are ranging from 70% on beef to 75% on lamb as part of no-deal contingency planning.
The Irish government announced that it intends to seek emergency aid from the EU in addition to EU approval for State aid from the exchequer to the agrifood sector if the UK crashes out to help the beef, dairy and fishing sectors in particular as they will be worst affected.
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