A simple exercise to quantify the effect

Brexit on Spanish exports of goods to the United Kingdom Twitter Share on Facebook Share on LinkedIn Compartment in Google Plus By Asier Minondo published in the ALDE Blog going to carry out a simple exercise to quantify the consequences of Brexit on Spanish exports of goods to the United Kingdom. As readers will remember, contrary to expectations, on June 23, 2016, British citizens voted to leave the European Union (EU). This decision could have important consequences for Spain’s exports of goods, since in 2015, before the referendum, the United Kingdom was the fourth destination for its exports  after France, Germany and Italy.

The divorce between the United Kingdom

EU did not materialize, officially, until January .However, the new agreement that regulates trade relations between the United Kingdom and the EU, called the Trade and Cooperation Agreement , does not It  Taiwan WhatsApp Number List began to apply until January 1, 2021. Under the new deal, there are no tariffs or quotas on trade in goods between the UK and the EU. However, because the . United Kingdom is no longer part of the European Single Market and its customs union, new barriers to trade are generated between this country and the rest of the EU members. Before Brexit occurred, the documentation that had to be completed to send merchandise from Spain to the United Kingdom was similar to what had to be completed to send the same merchandise from one Spanish city to another.

Post-Brexit, exporters have to complete

Additional documents to certify that their products comply with  or regulation. The additional bureaucracy is especially intense for exporters of fruit and animal products, as their products  UK WhatsApp Number List must undergo health inspections. In addition, border checks to check that documents are in order delay and increase the cost of shipments between the . United Kingdom and the rest of the EU members. To illustrate of writing this post. The hypothesis of this simple exercise is that, in the absence of Brexit, the export ratio would have remained constant. On the other hand.  If  exports from Spain to the United Kingdom. I choose France as a reference country, since it is a country that has remained in the EU and, in addition, is the most important destination for Spanish exports.