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Fish Factor

The United Kingdom’s Brexit is affecting seafood trading

 


The United Kingdom’s recent exit from the European Union – dubbed Brexit — has turned seafood trading on its head.

For 43 years the UK has been a major part of the 28 country EU, and what the pull out means for longstanding business arrangements is anyone’s guess. Last year the UK imported over $90 million dollars of Alaska seafood.

“It’s still speculative, but anything that has a negative effect on currency values relative to the dollar hurts exports. I do expect we will continue to be strong trading partners with both with the UK and the EU, I guess separately now,” said Tys...



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