The BREXIT, or departure from the United Kingdom of the European Union, occurred on 29 March 2017, when it was notified by letter to the European Council, based on the Article 50 of the Treaty on European Union (Voluntary and unilateral withdrawal clause), Its decision to leave the European Union.
The President of the EU, the Polish Donald Tusk, said: “There is no
reason to say that this is a happy day, neither in Brussels nor in London”.
In this way, the European Union of twenty-eight members is now
twenty-seven members.
The BREXIT has significant implications that generate uncertainties:
Globally. The International Monetary Fund estimates that it could mean a loss of 0.1% in the world economy
growth;
European Union.
Since it loses one of its net contributors, in addition to being the second economy of the EU;
The European exporters will lose competitiveness in the UK market.
UK.
For example, the United Kingdom will not be able to
benefit from the numerous EU Free Trade Agreement and Association Agreements
with Mexico, Georgia, Korea, Lebanon, Egypt, South Africa..;
The British companies will not form part of the European Single Market (EU)
or the European Economic Area. Neither will they be part of the Customs Union with Turkey;
Even potential risks of internal rupture have been identified (Scotland, Northern Ireland).
Many European companies will be able to benefit from the BREXIT, for example, in all the markets in which the European Union has free trade agreements in force since the United Kingdom will be excluded from all of them;
Two European agencies, the European Banking Authority and the European Medicines Agency, will no longer be in London;
The United Kingdom will surely cease to be a member of the Asia-Europe Meeting (ASEM) and many other EU-led Organizations;