1. Home
  2. Studies
  3. Brexit and Foreign Trade
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.

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

Brexit and Foreign Trade

IW-Report

Download PDF

Share this article:

or copy the following link:

The link was added to your clipboard!

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.

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

Berthold Busch: Brexit und Au├čenhandel

IW-Report

Download PDF

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

Share this article:

or copy the following link:

The link was added to your clipboard!

More on the topic

Read the article
CO2 Regulation of Road Transport in Europe
Thomas Puls Expertise 13. September 2022

Compendium 5.2: CO2 Regulation of Road Transport in Europe

With the Compendium CO2 Regulation in Europe, the IW has been providing the interested public with a comprehensive collection of data on the development of CO2 emissions from passenger car traffic in the European Union, as well as on the applicable regulatory ...

IW

Read the article
Michelle Koenen / Gero Kunath / Thomas Obst IW-Report No. 40 11. August 2022

Europe on the brink of recession?

The European Union is facing one of its biggest crises since the financial crisis of 2008. The pandemic started in 2020 and led to a historical economic downturn in the second quarter of that year.

IW

More about this topic

Content element with id 8880 Content element with id 9713