The withdrawal of the United Kingdom from the European Union will have far-reaching consequences for business. The purpose of the BDI Task Force Brexit is to identify the potential and acute risks associated with Brexit and to develop constructive approaches to solving them.
In view of the withdrawal of the United Kingdom from the EU by the end of March 2019, the project group ‘Market Access’ of the BDI Task Force Brexit is investigating the dimensions of product legislation. The group’s findings on technical products and chemical substances are presented as an example here. Far from being negligible, the burdens of non-tariff technical trade barriers are comparable to those of customs duties.
German industry’s solutions for Brexit in the transportation sector
The mobility, transport and logistics sector is of key importance in ensuring the free movement of persons and goods and the smooth functioning of the EU single market. While the actual implications of Brexit on the transportation sector remain uncertain, it is clear that the basic freedoms of the EU and the advantages of the single market for business and consumers need to be unconditionally upheld. The current level of connectivity must be retained.
The United Kingdom will be leaving the European Union at its own request at the end of March 2019. This will have far-reaching consequences for almost all sectors of European business, ranging from delays in the transport of goods to higher customs duties and restricted worker mobility.
European Commission: scenarios for the future of the EU
Where should the future European Union of 27 Member States find itself in 2025? This question is occupying not only the European Commission following Brexit. A range of scenarios for the future of the EU have been presented in a white paper. In addition, there will be "reflection papers" in the months ahead – inter alia on the social dimension of the EU and on economic and monetary union (EMU). BDI and BDA welcome the initiative, but the separate consideration of the social dimension and EMU runs the risk of dealing with economic policy and social policy in isolation.
Threats from London are harmful and will come back like a boomerang
Reacting to the decision of the British Conservative Party to appoint Boris Johnson as party leader, BDI Director General Joachim Lang says that the economy urgently needs a UK government that makes feasible decisions.
Brexit: British politicians should not postpone decisions any longer
Joachim Lang, Director General of the Federation of German Industries, demands: If the British government can’t find a majority in the lower house in March, then it is time to stop the Brexit process. This would be better than stumbling into an unregulated Brexit.
EU Special Summit: Industry expects a clear sign of agreement
- Regarding the fundamental agreement between the Brexit negotiators on a political declaration and ahead of the EU Special Summit on Sunday, BDI Director General Joachim Lang says reopening the negotiations is not the way Forward.
- Foreign direct investment into the UK is down by 90 percent. London should agree to status quo transition from March 2019. First results from BDI Task Force Brexit – duty and quota free trade as minimum requirement.