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Old 13.08.2019, 23:29
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Re: The Brexit referendum thread: potential consequences for GB, EU and the Brits in

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Such agreements benefit UK while still in the EU but will have the opposite effect after Brexit.

Probably the most important trade deal recently signed by the EU was with Japan; UK currently exports over euro 6Bn per year to Japan so there is a big opportunity to lock in existing business and to increase exports.

After Brexit, UK will have tariff barriers in exporting to Japan which EU competitors will not have. Even worse, Japan is able to export cars to the EU tariff free so after Brexit there is no reason for Japan to mass produce in the UK for export to the EU.
So the Eu has struck a deal with Japan that makes it easy for the Japanese to stop making cars in Europe.

So basically Brussels has signed the death knell of a large portion of the UK's automobile industry.

How terrible that the Uk isn't showing more gratitude.
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