Il Sole 24 Ore: Post-Brexit Economy

31 October 2019

Il Sole 24 Ore writes about how Italy’s export to Europe has been profiting from Brexit. Recently, Italy has become the fifth largest exporter to Germany, surpassing the UK.

Business leaders from Germany, Italy and Austria recently met to discuss how their economic relations may change in a post-Brexit scenario. At an event organised by the Italian-German Chamber of Commerce and the international law firm Giebelman & Salvoni, entrepreneurs agreed that the introduction of a customs union by the UK might jeopardise one of the fundamental goals of the European Union, i.e. trade facilitation. Nonetheless, they foresee that the negative consequences of Brexit can be overcome and turn into a chance to deepen their economic relations. Gudrun Hager from the Austrian Chamber of Commerce stated that though Brexit is inevitable, it cannot be avoided: “It is better to prefer a painful end that an endless pain.”

The full article in Italian: La Brexit comunque ha spinto l’export dell’Italia, che in Germania ha scalzato il Regno Unito

Sourcing and translation by European Movement International

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