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Trading news
28 Jan 2020
Impossible for EU-UK trade deal by end of the year – Germany’s BDI
According to Germany’s powerful BDI industry association, it is 'impossible' for the EU-UK trade deal by the end of the year.
Key Quotes:
The risk of a disorderly Brexit will remain even after the UK leaves this week.
No reason to sound the all-clear now since transition period only lasts up to a year.
It is impossible to complete such a project by the end of the year.
Urges EU27 to remain united and strong in negotiations.
UK decision to rule out extension of transition period is a 'grave mistake'.