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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  NH Foods Ltd.    2282   JP3743000006

NH FOODS LTD.

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Factbox: Britain talks of Aussie-style trade deal with EU. But what is it?

10/16/2020 | 09:21am EST

SYDNEY (Reuters) - Prime Minister Boris Johnson urged Britons on Friday to get ready to leave the European Union's single market at year-end and embrace what he called an Australian-style trading relationship.

But what is an Australian-style deal?

Australia does not have a free-trade agreement with the 27-nation EU, the world's biggest common trading area, although its exporters want one.

Johnson's critics therefore say that an "Australian-style deal" is simply code for no deal at all with Britain's largest export market.

In the absence of a free trade pact, Australia and the EU fall back on World Trade Organization terms that impose a variety of restrictions. Australian farmers, for example, can export meat to the EU at reduced tariffs with two tranches, one for "high quality" and one for "grain-fed" beef.

The former is a fixed quantity with a 20% tariff and the latter is tariff-free, but it is shared with other countries on a first-come first-served basis.

Underlining the risks of a minimalist, WTO-based approach, Australia's share of the grain-fed quota is set to be squeezed as the EU has yielded to demands from the United States that U.S. farmers take 35,000 of the 45,000-tonne allotment.

Australia's trade with the EU is dwarfed by Britain's: Aussie exports to the bloc totalled just 15 billion euros last year whereas Britain sold goods and services worth 300 billion pounds ($387.12 billion), 43% of all UK exports.

Britain formally left the EU on Jan. 31, but its access to the single market continues until Dec. 31 under a transition period intended to give both sides time to agree a future trading relationship.

(Reporting by Brian Kaye and Swati Pandey in Sydney and Philip Blenkinsop in Brussels; Editing by Mark Bendeich and Catherine Evans)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) 0.28% 0.73772 Delayed Quote.4.97%
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 0.07% 140.275 End-of-day quote.-3.54%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 -0.02% 111.35 End-of-day quote.-10.69%
NH FOODS LTD. 0.66% 4570 End-of-day quote.1.33%
All news about NH FOODS LTD.
10/16FACTBOX : Britain talks of Aussie-style trade deal with EU. But what is it?
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10/05Britain open to Aussie-style EU trade deal but Australia wants more
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10/05Britain open to Aussie-style EU trade deal but Australia wants more
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07/31NH FOODS LTD. : 1st quarter results
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05/15NH FOODS LTD. : Proxy Statments
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05/11NH FOODS LTD. : Annual results
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05/06NH FOODS LTD. : annual earnings release
03/31NH FOODS LTD. : Report
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03/31NH FOODS LTD. : Financial report
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03/30NH FOODS LTD. : Ex-dividend day for final dividend
FA
More news
Financials
Sales 2021 1 180 B 11 344 M 11 344 M
Net income 2021 24 967 M 240 M 240 M
Net Debt 2021 128 B 1 228 M 1 228 M
P/E ratio 2021 18,8x
Yield 2021 1,99%
Capitalization 470 B 4 505 M 4 516 M
EV / Sales 2021 0,51x
EV / Sales 2022 0,50x
Nbr of Employees 17 339
Free-Float 98,1%
Chart NH FOODS LTD.
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NH Foods Ltd. Technical Analysis Chart | 2282 | JP3743000006 | MarketScreener
Technical analysis trends NH FOODS LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 5 233,33 JPY
Last Close Price 4 570,00 JPY
Spread / Highest target 24,7%
Spread / Average Target 14,5%
Spread / Lowest Target -1,53%
EPS Revisions
Managers
NameTitle
Yoshihide Hata President & Representative Director
Masahito Kataoka Head-Finance, Public & Investor Relations
Tetsuhiro Kito Representative Director
Sadanori Miyagai Director & Managing Executive Officer
Nobuhisa Igawa Representative Director
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