U.K. food industry looks to avoid shortages in no-deal Brexit

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 99%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

The U.K. food industry is asking the government to set aside competition rules so companies can co-ordinate supply decisions to combat shortages in the event Britain leaves the European Union without an agreement on future trade relations.

The Food and Drink Federation said Wednesday it has asked the government to direct the Competition and Markets Authority to relax rules that prevent such co-ordination. It hasn't yet received a response.

"If the government wants the food supply chain to work together to tackle likely shortages - to decide where to prioritize shipments - they will have to provide cast-iron written reassurances that competition law will not be strictly applied to those discussions," Tim Rycroft, the federation's chief operating officer, said in a statement. "Without such assurances, any such collaboration would risk incurring large fines from the CMA.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines