Impossible for EU-UK to reach a 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 to agree on a 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'.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.