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The implications of a UK exit from the EU
This report gives an overview of the potential impact of the UK's vote to leave the European Union ('Brexit') on agriculture in the United Kingdom (UK). An overview of current agricultural exports is provided, with a look at the European Union Common Customs Tariff (CCT) 'applied' rates of broad categories, followed by the consequences of various trade scenarios on the income of farms. The trade scenarios discussed are a free trade agreement (FTA), the World Trade Organization (WTO) default and UK trade liberalization.
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