Marketplace Morning Report The European Union and the U.K. are set to announce trade deals
May 19, 2025
British Prime Minister Keir Starmer is poised to reveal a major shift in UK-EU relations with new trade agreements covering defense, trade, and fishing rights. The discussions aim to address labor shortages by incorporating immigration quotas for young workers. Meanwhile, the podcast highlights the ongoing struggles of Indigenous Canadians with food insecurity, impacted by historical policies. Initiatives are emerging to enhance food security and promote agricultural projects within Indigenous communities, showcasing efforts to foster collaboration with the government.
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Small Food Exporters' Costs Surge
- Small food exporters struggled post-Brexit due to costly veterinary health checks.
- These checks made their businesses commercially unviable as they couldn't absorb extra costs.
Trade Alignment Spurs Growth
- Improving UK-EU trade relations post-Brexit supports economic growth.
- Aligning UK and EU food standards reduces bureaucracy and prevents export delays.
Youth Mobility to Fill Labor Gaps
- The UK faces labor shortages across many sectors post-Brexit.
- A youth mobility scheme with quotas aims to control immigrant numbers while addressing these shortages.