logo

Assignment Trade in BREXIT

   

Added on  2020-04-01

10 Pages2078 Words47 Views
Running head: TRADE IN BREXITTrade in BrexitName of the StudentName of the UniversityAuthor Note
Assignment Trade in BREXIT_1
1TRADE IN BREXITIntroductionBrexit means a situation when the United Kingdom decided to come out of the EuropeanUnion. This has caused many troubles in the political as well as the environment issues in thatregion. There was referendum, which was conducted and in theweeks following, where themedia have largely focused onshort-term, immediate and pressing issues, both economic andpolitical. There was negotiation between the UK and European Union based on which thedecision to exit and there was an impact of brexit on the economy,the markets, and indeed onthe financial conditionsof the region.Theory behind the trade integrationAfter the referendum which took place in UK, the people of United Kingdom decided toexit the membership of European Union. This has caused a major impact on the political and thesocial environment of the Country. During Brexit, Britain has entered into trade agreement. Adecision is taken whether UK will be leaving the European Union. After the globalization and liberalization which bought about a change in all over theWorld. The European Union being is one of the most attractive places for trade. After Brexit, theUK will face problems regarding the business operations. The UK needs to negotiate the tradeand agreement with the other Countries. The financial institutes are also affected by the Brexitand it was discussed in the referendum (Baker, Ali & Thrasher,2016).The decision where the EUcan save the UK government from having to contribute every year. There has been an issuewhere there is a prediction that the UK’s contribution to the EU comes in the coming years.
Assignment Trade in BREXIT_2
2TRADE IN BREXITTopic: Statistical data after BrexitSource: (Alhajji, 2017).The decision of UK to come out of European Union after the referendum which tookplace and the International companies have started their process for Brexit and there was apotential increase in the cost associated with the UK- EU trade. There was an increase in theprice of goods, services after the Brexit. The considerations and changes include the locations;trade barriers and the supply chain management and trade between third Countries outside theUK.The impact was felt by wider a person that operates in the EU (Duff, 2017).
Assignment Trade in BREXIT_3

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
MAF306 International Finance and Investment - Impact of BREXIT on UK & EU
|5
|1151
|179

Impact of Brexit on Businesses in UK
|9
|2168
|473

Effective Planning and Development Strategies for Successful Negotiation
|12
|2561
|43

Impact of Brexit on UK Business
|13
|2746
|64

1. Module - Principles and Applications of Macroeconomi
|11
|4082
|51

Managing Change Process in UK Post-Brexit
|10
|1741
|206