Policy Outcome: Business Post-Brexit: European Competitiveness Compromised?
Regardless of whether the UK leaves or remains a part of EU’s common economic structures in some way, a new set of rules and regulations governing the relations between the two will be required. Though Brexit might present an opportunity for the UK and the EU to boost their respective business ventures, it is likely to burden international businesses with extra administrative and/or procedural costs, or worse, discouraging or preventing them from trading in one or the other entirely. This might seriously compromise the competitiveness of UK and EU businesses and indeed of the EU itself. Whether this will present a threat or an opportunity remains to be seen, but based on the Focus Group discussion held at Tatra Summit 2019, we managed to highlight several policy recommendations.
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