28 06 17 The Future of Agricultural and Rural Development Policies in Wales

The costs of leaving the EU are clearly emphasised in the report, and the regulations that we adhere to currently support the production of high-quality food, and ensure the widest possible access to market. But it’s not just increased tariffs that we need to fear. If we leave the EU, and let’s not forget that those tariffs could be astronomical if we’re using WTO rules—a cattle tariff of 84 per cent, a land tariff of 46 per cent, these are huge costs—but there are these massive extra costs that could come from administration, in particular if we were outside the customs union. There’d be an increased cost in relation to rules of origin, conformity of assessment procedures, the need to reformulate products, labelling and packaging changes