23.11.2018 – 15:47
BDI on the pending EU Special Summit: Industry expects a clear sign of agreement
Regarding the fundamental agreement between the Brexit negotiators on a political declaration and ahead of the EU Special Summit on Sunday, BDI Director General Joachim Lang says: "Industry expects a clear sign of agreement"
- "I'm expecting a clear sign of agreement from the Brexit Special Summit. Reopening the negotiations is not the way forward.
- What is positive is the aim of the political declaration to strive for a deep and broad free trade agreement for goods and services by the summer of 2020. While this falls short of the advantages of membership in the internal market and customs union, it offers the opportunity to limit the damage.
- Open questions remain even after the political declaration has been agreed. The withdrawal agreement and the political declaration together form a reasonable basis for facilitating an orderly relationship between the EU and the United Kingdom in the future. Continuing close cooperation between Brussels and London is essential for our companies. A hard Brexit would be disastrous. It would create great difficulties for tens of thousands of companies and hundreds of thousands of workers on both sides of the English Channel."
The Federation of German Industries (BDI) is the umbrella organization of German industry and industry-related services. It speaks for 35 trade associations and more than 100,000 enterprises with around 8 million employees in Germany and 3.5 million employees in other countries. Membership is voluntary. 15 organizations in the regional states represent the interests of industry at the regional level.
Original content of: BDI Bundesverband der Deutschen Industrie, transmitted by news aktuell