News that UK voters want out of the European Union roiled the global economy overnight, spurring currency volatility and threatening to upend usual patterns in the international seafood trade.
And it has left Canadian and US exporters across several sub-sectors concerned about UK consumers’ ability to keep buying foreign seafood given the pound’s recent sharp devaluation against other currencies.
In the medium and longer terms, foreign producers will have to endure uncertainty as a newly independent UK inks new trade deals outside of the EU’s influence and the global economy deals with heightened risks of recession.
Several sources indicated to Undercurrent News that they see only causes for concern, not optimism, from Brexit [...]
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