Brexit Overview Trade flow prior to Brexit Brexit consequences What’s next for Brexit Appendix I II III IV V Agenda
When Why June 23 rd 2016: Brexit voting result passed March 29 th 2017: U.K Prime Minister Theresa May submitted Article 50 withdrawal notification to the E.U Until March 29 th 2019: U.K and EU need to negotiate 6 main points regarding immigration, visas, tariffs, and trade March 2018: PM May said U.K will have many similar laws to EU’s to keep trade and capital access U.K residents were concerned with immigration movement Cost of free movement of immigration outweighed the benefits of belonging to the EU Brexit stands for British exit from EU Brexit Overview
EU allowed absence of duties and quotas for member states doing business and trading. EU allowed free movement of people, giving access for workers and services EU enabled simplified customs procedures and thus reduced the administrative burden for companies trading within the EU.
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