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BCC Webinar: What does the impact of Coronavirus mean for UK/EU-German relations?
Tue 5th May @ 8:30 am - 9:30 am UTC+0Free
Join this fascinating webinar discussion between colleagues from the British Chamber of Commerce in Germany and our Director General, Adam Marshall.
Adam will be joined by members of the Board of the British Chamber of Commerce in Germany including:
Andreas Glunz, Member of the Advisory Board of the BCCG (and Managing Partner, KPMG)
Tuesday Porter, Member of the Supervisory Board of TüV Nord AG
Gerd Stürz, Vice President of the BCCG
About the event
Germany is the UK’s 2nd largest trading partner after the US, beyond the EU as a whole.
The UK and German governments work together on trade/ investment, economic, political, cultural, defence and security matters and benefit from a close relationship that is based on mutual respect and trust.
The UK’s recent withdrawal from the EU has led to concern about how future bilateral relations will be impacted. Both countries have pledged to ensure that these economic, political and cultural ties are not severed, but if anything, intensified.
However, the recent global pandemic crisis is inevitably placing strain on all economies across the world and the negative effects of Coronavirus on both economies will clearly add to those already existing due to Brexit challenges.
It is predicted that many negative effects will occur especially in industry, and particularly in respect of supply chains. It is expected that trade will resume fully only once Coronavirus restrictions are lifted and, depending on Brexit negotiations, be further hindered from the uncertainty brought about by the UK’s insistence that, irrespective of the effects of the pandemic, it does not plan to extend the Brexit transition period, which could again raise the question around whether the UK will exit the EU on WTO terms.