Impact of Brexit on International Trade

Brexit

Table of Contents
INTRODUCTION...........................................................................................................................3
Main body........................................................................................................................................3
Impact of Brexit ..............................................................................................................................5
The impact upon the export of goods and manufacturing firm...................................................5
Impact of Brexit on import of consumer goods .........................................................................6
Impact of Brexit on trade in services ........................................................................................6
REFERENCES................................................................................................................................8

INTRODUCTION
Brexit is the withdrawal of the United nation from the European Union. The vote define
as the expectation and hamper the global market causing the British pound to fall to its lowest
level in 30 years (Bélanger 2019). Former prime minister David Cameron, who called the
referendum which help in providing campaign for Britain to remain in the EU. Johnson, a hard
line Brexit support campaigned on a platform to leave the main purpose to stay out of the
European Union. The UK joined the European economic community in the year 1973 with the
continued membership of the referendum. This report is based on Brexit and its impact on the
international trade. Along with this, export of goods it also impact export of goods from the
manufacturing firm and also have impact on the trade in service.
Main body
Brexit is the term which refers to the UK decision to move out from the European Union.
In order to implement this decision the voting has taken palace which effect the global market.
As the result the parliament put off the decision on the prime minister and trigger the Ben Act as
the top level government official were forced to ask EU for another extension of the negotiation
until January 31, 2020. It has been not unclear if all the 27 EU members will help agree to move
towards extension but British prime minister Johnson will tend to push general election little bit
longer. There were the major impact on the UK referendum while existing from the European
Union. This issue help in motoring as well as discussing the current trade flow in the
international market. At present EU countries are including the UK, fully benefit from the EU’s