ZEW - Centre for European Economic Research

01/30/2020 | Press release | Distributed by Public on 01/30/2020 03:02

ZEW President Achim Wambach on Brexit Taking Effect on 31 January 2020

'After the withdrawal date has been extended three times, Brexit now becomes reality. It is not a day to celebrate - neither for the British, nor for the EU. Brexit taking effect, however, is only half of the job. Now is the time to reach a good trade agreement that meets the interests of both sides.

The trade agreement will be far less controversial in the British Parliament than the upcoming withdrawal was. So this time it will be less down to the British if the deal is delayed and the transition period needs to be extended.'