UK dairy firms try to count the cost of churn in post-Brexit trade

Country Milk’s trade with the EU has nosedived with the dairy industry particularly badly affected by new customs rules

A small error in the paperwork – a box ticked by mistake – and the tanker of butter oil was held at French customs for five days, with veterinary authorities at the border threatening to destroy it. The debacle nearly cost the tanker’s exporter, dairy company County Milk, a six-figure sum. After fraught negotiations, the cargo was eventually repatriated.

“You don’t need too many of those to be destroyed and you are in dire straits,” says Phil Langslow, trading director at County Milk, the UK’s largest privately owned dairy ingredients business.

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FTSE 100 closes above 7,000 for first time since Covid crash

Shares rise by more than 30 points as China reports record economic growth

The FTSE 100 has closed above 7,000 for the first time since the Covid-19 pandemic triggered a collapse in global markets last year, driven by rising hopes for the world economy after record growth in China.

The index of leading UK company shares ended the day up 36 points on Friday, or 0.5%, at 7,019, the highest level since late February 2020 when the first wave of Covid-19 sent shock waves through financial markets around the world.

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From bikes to booze, how Brexit barriers are hitting Anglo-Dutch trade hard

A new survey of UK and Netherlands firms shows two-thirds think our departure from the single market has had a negative effect

It is now three months since Boris Johnson declared that his Brexit deal would be unalloyed good news for UK businesses and consumers alike. But the true picture is graphically illustrated by a new survey of 125 UK and Dutch firms that do business between the two old and close trading nations.

Whether it be trade in chocolate bars, electric bicycles or malt whisky distilled in Scotland, the reality for exporters, importers and customers infuriated by orders being delayed is mostly negative.

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Brexit: Scottish dog food firm relocates to France due to export red tape

Owner says he decided ‘enough was enough’ after encountering more and more trade barriers

The founder of a Scottish dog food business has told how Brexit forced him to move to France after his exports to the EU were halted because of the new trade barriers in place since 1 January.

After 10 weeks of daily calls and emails to government representatives, who he said were “absolutely terrible”, Antoon Murphy said he was left with no other option than to relocate or face losing the business.

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Suez canal: Syria ‘rations’ fuel as efforts to free stuck ship fail

Syria oil ministry restricts supply as canal chief says ‘technical or human errors’ may have been behind stranding of the Ever Given

Syrian authorities say they have begun rationing fuel as the blockage of the Suez canal stretched into a sixth day, delaying vital shipments and worsening the country’s oil shortages.

Syria has been mired in civil war since 2011 and faces a severe economic crisis. It had already announced a more than 50% rise in the price of petrol in mid-March.

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The Guardian view on China, Xinjiang and sanctions: the gloves are off | Editorial

Beijing wants to silence critics of its treatment of Uighurs. But the impact will be broader

China’s response to criticisms of horrifying human rights violations in Xinjiang is clear and calculated. Its aims are threefold. First, the sanctions imposed upon individuals and institutions in the EU and UK are direct retaliation for those imposed upon China over its treatment of Uighurs. That does not mean they are like-for-like: the EU and UK measures targeted officials responsible for human rights abuses, while these target non-state actors – elected politicians, thinktanks, lawyers and academics – simply for criticising those abuses.

Second, they seek more broadly to deter any criticism over Xinjiang, where Beijing denies any rights violations. Third, they appear to be intended to send a message to the EU, UK and others not to fall in line with the harsher US approach towards China generally. Beijing sees human rights concerns as a pretext for defending western hegemony, pointing to historic and current abuses committed by its critics. But mostly it believes it no longer needs to tolerate challenges.

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How the Suez canal blockage can seriously dent world trade

Analysis: 12% of global shipping uses the canal with any delays disrupting supply chains, fuelling shortages and hiking prices

World trade’s pre-eminent shortcut – the Suez Canal – is facing “massive” disruption which could cause cargo delays around the globe, shipping experts warned on Friday.

The narrow, 120-mile passage of water linking the Red Sea and the Mediterranean allows ships of colossal proportions to navigate a relatively direct route from Asia to Europe, rather than taking a 3,500-mile diversion around Africa.

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Suez canal: Dutch and Japanese teams brought in to help free ship

Salvage teams from Netherlands and Japan called in to help refloat Ever Given, which is blocking canal

Salvage teams from the Netherlands and Japan have been enlisted to redraw plans to free a giant container ship blocking the Suez canal, as fears grew that the operation could take weeks.

Taiwan’s Evergreen Marine Corp, which leased the vessel, said the Dutch firm Smit Salvage and Japan’s Nippon Salvage had been appointed by the ship’s owner and would work alongside its captain and the Suez Canal Authority (SCA) on a plan to refloat the ship and let traffic resume on one of the world’s key trade routes.

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EU to widen criteria for possible Covid vaccine export bans

Bloc expected to assess countries’ Covid vaccination coverage and record in facilitating exports to EU

The EU is expected to take into account the level of vaccination coverage in a country and its record in facilitating exports to the bloc when deciding on whether to prohibit individual vaccine shipments to the UK and elsewhere.

The revision of the export authorisation scheme, widening the criteria that will guide Brussels’ decisions on export requests, is due to be announced on Wednesday. EU leaders will then on Thursday discuss going further in controlling vaccine distribution when they meet by videoconference.

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Century-old olive trees felled as Spain’s farmers try to cut costs

Plunge in global olive oil prices means hard decisions for Spanish olive oil producers

Century-old olive trees are being chopped up to use as firewood or sold off as garden ornaments as some in Spain’s olive oil industry turn to younger, more productive trees in hope of lowering costs.

In recent years the sector in Spain has been left reeling; a plunge in global olive oil prices was followed by a punishing 25% tariff levied by the US on Spanish olive oil. After prices sank to levels that left many struggling to break even, the industry has slowly recovered, though prices remain shy of 2018 levels.

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Brexit: trade survey finds 74% of British firms hit by delays with EU markets

Brexit red tape and disruption to global trade from pandemic leaves businesses ‘severely strained’

Three-quarters of British manufacturers are struggling to cope with delays in moving goods in and out of the EU amid continuing disruption caused by Brexit and the Covid pandemic, industry figures said.

Two months after the UK left the EU on trade terms agreed by Boris Johnson’s government, research from the manufacturing trade group Make UK has shown that 74% of firms in a survey of more than 200 leading industrial companies are facing delays with EU imports and exports.

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Ports feel the chill as trade re-routes around Brexit Britain

In Holyhead, traffic has fallen 50% as hauliers stymied by Brexit find their way from Ireland to France without entering the UK

Perched on the shores of Anglesey, the island linked by road bridges to the north-west coast of Wales, Holyhead’s geography has given it a leading role in British-Irish trade since the early 19th century.

About 50 miles directly across the Irish Sea from Dublin, a journey of just three-and-a-quarter hours by ferry, Holyhead was until December the second busiest roll-on roll-off port in the UK after Dover. About 450,000 trucks rumbled through each year on their way to Dublin, with cargoes of meat and agricultural produce, secondhand cars and items destined for the shelves of Irish supermarkets.

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Raab shrugs off Brexit troubles, urging people to take ‘10-year view’

Foreign secretary talks up global growth opportunities and says Brussels ‘imposing obstacles’ to trade

Potential losses in UK trade with the EU because of Brexit will be more than made up by more opportunities in developing markets, Dominic Raab has claimed, saying people should take a “10-year view” of the current troubles faced by companies.

Questioned about warnings from a number of firms that bureaucracy and duties means they will go out of business, or have to relocate operations inside the EU, the foreign secretary also appeared to blame Brussels, saying it was “imposing” obstacles to trade.

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Brexit cost will be four times greater for UK than EU, Brussels forecasts

Departure to cost EU 0.5% of GDP but UK 2.25% by end 2022, according to first official estimate since deal was agreed

The economic blow dealt by Brexit will be four times greater in the UK than the EU, according to the latest forecasts by Brussels.

A month into the new relationship, the European commission said the UK’s exit on the terms agreed by Boris Johnson’s government would generate a loss in gross domestic product (GDP) by the end of 2022 of about 2.25% in the UK compared with continued membership. In contrast, the hit for the EU is estimated to be about 0.5% over the same period.

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UK importers brace for ‘disaster’ as new Brexit customs checks loom

Exporters badly hit already but KPMG says ‘biggest headaches’ have yet to come’ for importers

British firms are warning of further Brexit red tape as the government prepares to introduce a long list of new controls on imports from the European Union in April and July.

In the coming months further checks are due to be phased in at the UK border, controlling everything from the import of sausages and live mussels to horses and trees, as well as the locations these checks can take place.

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Northern Ireland suspends Brexit checks amid safety fears for port staff

Decision came after council withdrew 12 staff at Larne following reports of ‘menacing behaviour’

Brexit checks on animal and food products arriving into Belfast and Larne ports have been suspended amid fears over the safety of staff, Northern Ireland’s agriculture ministry has said.

The decision came after Mid and East Antrim borough council agreed on Monday night to remove 12 of its staff at Larne port with immediate effect, following an “upsurge in sinister and menacing behaviour in recent weeks”.

A spokesman for Stormont’s Department of Agriculture, Environment and Rural Affairs (Daera) said: “On the basis of information received today and pending further discussions with the PSNI [Police Service of Northern Ireland], Daera has decided in the interests of the wellbeing of staff to temporarily suspend physical inspections of products of animal origin at Larne and Belfast.

“The situation will be kept under review and in the meantime full documentary checks will continue to be carried out as usual.”

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UK to apply to join free trade pact with nations on other side of world

Liz Truss to seek to join 11-nation trans-Pacific partnership, whose nearest member is 3,000 miles away

The British government is to formally apply to join a mammoth free-trade pact that includes Australia, Canada, Japan and New Zealand now that it has left the EU.

Liz Truss, the international trade secretary, will ask to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) when she speaks to ministers in Japan and New Zealand on Monday.

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EU means business over Covid vaccine exports, says Von der Leyen

Commission president says firms must deliver on orders after AstraZeneca warns of shortfall

The EU “means business”, Ursula von der Leyen has said, as the bloc doubled down on plans for tighter monitoring of vaccine exports to countries outside of the union, such as the UK.

Speaking at the World Economic Forum, the president of the European commission said the EU had invested billions and “companies must now deliver” to the 27 member states.

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‘A Brexit nightmare’: the British businesses being pushed to breaking point

Less than a month after leaving the EU, trade is flowing so badly that small firms are moving operations abroad to survive

Christophe Fricke lectures in German at the University of Bristol and adores living in England. He was born in Germany but his anglophilia became so strong after moving here that he wrote a book called 111 Gründe, England zu lieben (“111 Reasons to Love England”) in 2018. He selected the gardens of Cornwall, the National Portrait Gallery, the way the English use collective nouns for groups of animals (herds, packs, and so on) and their fascination with murder cases in his varied list of reasons for loving this country.

But since 1 January, Fricke has been reminded that there are also worrying things about life in England – and being outside the EU is now chief among them.

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