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Showing posts with the label Trade

The impact of Brexit

What would happen if UK leave EU? What are the impacts ? What UK dealing with? This is now hot topic around the world. Some of us think it would make benefit for some people in UK and some of us think it will cost a fortune if UK leave EU. Here are some impact has been pointed out below: First of all the trading will affected by Brexit . When the UK joined the European Economy Community in 1973 , just over  30% of UK exports went to the EU. By 2008 , over 50% of UK exports went to EU countries. Customers benefits from reduction in trade barriers that reduce the price of imported goods and prices. Businesses benefits from new export opportunities  that lead to higher sales and profits. Workers benefit from trade that allows the UK to specialise in industries where it has a competitive advantages. A positive scenario is , the UK continue to have an FTA with the EU.For example , Switzerland and Norway currently do through the European Free Trade Association , EFTA. On the...