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.
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.
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.
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.