Ger­man in­dus­try picks unity over Brexit trade

Kuwait Times - - BUSINESS -

Ger­man industries will pri­or­i­tize Euro­pean unity over trade with Bri­tain post-Brexit, busi­ness lead­ers told the Ob­server news­pa­per in in­ter­views pub­lished yes­ter­day. Bri­tish Brexit min­is­ter David Davis had claimed that Ger­man busi­nesses, es­pe­cially car­mak­ers, would pressure the Ger­man gov­ern­ment to keep trade open with one of its key ex­port mar­kets, but two of Ger­many’s big­gest in­dus­try groups cast down on his claims. Di­eter Kempf, pres­i­dent of the BDI fed­er­a­tion of Ger­man industries, told the news­pa­per: “De­fend­ing the sin­gle mar­ket, a key Euro­pean project, must be the pri­or­ity for the Euro­pean Union.

“It is the re­spon­si­bil­ity of the Bri­tish gov­ern­ment to limit the dam­age on both sides of the Chan­nel. “Over the com­ing months, it will be ex­traor­di­nar­ily dif­fi­cult to avert neg­a­tive ef­fects on Bri­tish busi­nesses in par­tic­u­lar,” he added. Ingo Kramer, pres­i­dent of the BDA con­fed­er­a­tion of Ger­man em­ploy­ers’ as­so­ci­a­tions, added that ac­cess to the sin­gle mar­ket “re­quires the acceptance of all four sin­gle mar­ket free­doms.

“The UK will re­main a very im­por­tant part­ner for us, but we need a fair deal for both sides re­spect­ing this prin­ci­ple,” he said. “The co­he­sion of the remaining 27 EU mem­ber states has high­est pri­or­ity.” Bri­tain last month be­gan ne­go­ti­a­tions with the EU to set the terms of its di­vorce and set a po­ten­tial timetable for dis­cussing a fu­ture free trade deal.

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