Trade in Goods: What is at Stake?
The UK and the EU27 member states are economically highly integrated. In 2016, for example, total German-UK trade in goods amounted to €121.6 billion. Brexit will severely disrupt these economic relations, entailing costs for both the EU27 and the UK. This paper provides the economic background to BDI‘s position paper on trade in goods. It discusses EU27-UK trade and investment relations, openness in trade, and the expected costs of Brexit.