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Berthold Busch IW-Report No. 39 17. August 2020 Brexit and Foreign Trade

Even though the British have already left the European Union on 31st January 2020, a "hard brexit" is not yet off the table in so far as the two parties have not yet agreed on an agreement on future economic relations.

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Brexit and Foreign Trade
Berthold Busch IW-Report No. 39 17. August 2020

Brexit and Foreign Trade

IW-Report

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

Even though the British have already left the European Union on 31st January 2020, a "hard brexit" is not yet off the table in so far as the two parties have not yet agreed on an agreement on future economic relations.

So far, the negotiations have produced hardly any results. Several points of contention stand in the way of an agreement for some time. These include the nature of the agreement, differing views on the extent to which the United Kingdom must adopt and maintain the European Union's regulatory framework (level playing field), the design of the rules of origin and future access to fishing grounds in British waters. The uncertainties associated with the preparations for the Brexit and the uncertainty as to whether the European Union and the United Kingdom can agree on a free trade agreement have already affected British-German foreign trade. While in the long term from 1991 to 2015, German exports to the UK grew by over 5 per cent on average per annum, there has been an average annual decline of 3 per cent over the last four years. In terms of the individual product groups, motor vehicles and parts in particular suffered a decline in exports and imports. By contrast, mechanical engineering and electrical equipment defended their position well. The corona pandemic put an additional strain on British-German foreign trade. This is shown by a comparison of exports and imports in the first four months of 2020 with the corresponding figures for the previous year. But here too the picture is not always uniform.

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Brexit and Foreign Trade
Berthold Busch IW-Report No. 39 17. August 2020

Berthold Busch: Brexit und Außenhandel

IW-Report

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

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How to reduce electricity prices – ideas of the Affordable Energy Act
Alexander Radunz / Sandra Parthie Event 29. January 2025

Breakfast debate: How to reduce electricity prices – ideas of the Affordable Energy Act

While Member states are ultimately responsible for their energy mix; their decisions have cross-border consequences. They impact the prices at the EEX and the use and need for interconnectors. We want to take a holistic look at these dynamics and focus on the ...

IW

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Markus Demary / Vera Demary IW-Policy Paper No. 7 2. September 2024

Crypto regulation in the EU

FC Bayern Munich footballers advertise for the crypto exchange Bitpanda, Crypto.com advertised with rapper Eminem during the NBA playoffs of the Los Angeles Lakers basketball team, whose arena was renamed “Crypto.com Arena” in 2021.

IW

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