Author Description

Seminar paper from the year 2017 in the subject Economics - Macro-economics, general, grade: 1,0, University of Strasbourg, language: English, abstract: On 23 June 2016, 51,9% of British citizens voted to leave the European Union. The British Government has asked for the withdrawal from the EU on 29 March 2017. In accordance with Article 50 of the Treaty on the European union, the EU and the British Government must decide about the terms of divorce and their future relationship until 29 March 2019. One possible scenario for a Brexit deal is a "hard Brexit" in which the UK withdraws from the European Single Market and the Customs Union and negotiates a comprehensive free trade agreement with the EU like the Comprehensive Economic and Trade Agreement. In this paper, we will discuss how a "hard Brexit - CETA option" probably will look like, which risks and opportunities for both EU and UK businesses we can anticipate and what shape a post-Brexit trade deal could take.