The end of the year is rapidly approaching, and there is still no post-Brexit deal. Time is running out. Should an agreement be reached, companies would have little time to implement the regulations before the end of the transition period. Nevertheless, companies can already do a lot to reduce the impending damage.

In view of the insufficient progress in negotiations over Brexit, BDI assumes that the transition phase will end without a follow-up agreement being signed on time. Questions regarding competition rules and fishing rights, among other things, remain open. In addition, a controversial internal market bill by the British government make negotiations more difficult. 
 

The withdrawal of the United Kingdom from the European Union 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.

In view of the United Kingdom's withdrawal from the EU, the BDI investigated the dimensions of product law in its "Market Access" working group of the "Brexit Task Force". Using the examples of technical and chemicals law, the findings are summarised here. The impact of non-tariff technical barriers to trade is not negligible; they are of similar importance as customs duties.

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.