The President of the Association of European Chambers of Commerce and Industry (EUROCHAMBRES) Christoph Leitl sent a letter to the UK Prime Minister with a “Plan B” proposal for trade oriented post Brexit EU – UK relations.
The letter reads as follows:
“My Plan B is in fact very simple.
The UK should re-join the Single Market and enter into a customs union with the EU. In parallel, the EU should allow a multiannual period of transition in relation to the free movement of people.
Yes, this would oblige the UK to comply with a range of EU legislation and to recognise the supremacy of the European Court of Justice. Yes, it would also mean that the UK remains directly linked to the EU’s external trade policy, but I do not consider this disadvantageous given the additional leverage it offers in relation to third countries.
In the current political and highly politicised context, this proposal may seem a major compromise for both parties. However, when seen from a more objective perspective, the economic advantages are undeniable:
The full text of Christoph Leitl’s letter to the UK government is available HERE.
According to a survey of BCCI, 27% of the respondents expect Brexit to have a negative impact on their business. The UK remains a serious financial center in which investment funds are concentrated and directed to appropriate destinations. Underestimating the effects of Brexit and not appreciating the opportunities created by the situation are not in favour of the Bulgarian business, BCCI reckons.
Meanwhile, the British business is also of the opinion that in the Brexit process the institutions should focus on seamless trade with the EU. This is confirmed by a study of GS1 UK – a partner of BCCI and GS1 Bulgaria, which has issued an appeal: “We’ve been working for over 40 years to facilitate cross-border trade between companies across the globe. Now we want to defend it!”
BCCI considers that there is a possibility to achieve a softer Brexit. The general moods of the Bulgarian business are in support of Christoph Leitl’s vision and position and expect progress to be made in the negotiations. It is important to shift the focus from the short-term political benefit to the long-term economic and commercial reality.