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Berthold Busch IW-Trends No. 3 22. September 2015 How Closely is the UK Economy Integrated with the European Union?
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How Closely is the UK Economy Integrated with the European Union?
Berthold Busch IW-Trends No. 3 22. September 2015

How Closely is the UK Economy Integrated with the European Union?

IW-Trends

German Economic Institute (IW) German Economic Institute (IW)

The European single market is of prime importance for the British economy. However, since the turn of the millennium, the relative position of the EU for British exports of goods and services has declined. The United Kingdom has a trade deficit with the EU in goods, but a trade surplus in services. While the significance of the United Kingdom for direct investments from the EU member states has increased, Britain itself has invested more and more in non European markets. In cross-border trade in intermediate inputs the UK is relatively closely integrated with the continent not only in finance and business services but also in some manufacturing sectors, such as chemicals and energy. After a so-called Brexit new obstacles to cross-border trade in goods and services could affect these sectors particularly severely.

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How Closely is the UK Economy Integrated with the European Union?
Berthold Busch IW-Trends No. 3 22. September 2015

Berthold Busch: Wie stark ist das Vereinigte Königreich mit der Europäischen Union verflochten?

IW-Trends

German Economic Institute (IW) German Economic Institute (IW)

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Institutional consequences of EU Enlargement
Berthold Busch / Julian Sommer / Samina Sultan IW-Report No. 15 12. March 2024

Institutional consequences of EU Enlargement

At the latest since the Russian war of aggression in Ukraine and the decision to open accession talks with the country, the topic of enlargement has once again become much more important for the European Union (EU).

IW

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Berthold Busch / Samina Sultan IW-Report No. 63 11. December 2023

Fiscal aspects of an EU-enlargement

Following the European Commission's recommendation to open accession negotiations with Ukraine, the European Council will decide on this at its summit in December. This is a historic step that is of great geostrategic importance, particularly in light of the ...

IW

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