BREXIT

hktdc research

Court of Justice Decides That UK Can Unilaterally Cancel Brexit, While Business Leaders Fear Supply-Chains Disruption Under Any Brexit Scenario

11 December 2018

A number of Members of the Scottish, UK and European Parliament had lodged a petition for judicial review to a UK court (in Scotland) to determine whether the notification under Article 50 (to leave the EU) could be unilaterally revoked. More

hktdc research

Countdown to Brexit: The Impact of a “No Deal” Scenario on the UK’s Trade and EU-Funded Investments

17 September 2018

The UK government has recently published a series of Technical Notices setting out information relevant to weathering a “no deal” Brexit, while stressing that such a scenario remains unlikely and that it continues to believe that “an orderly, negotiated exit is the best outcome for all parties.” Hong Kong companies and investors, however, should take heed of the notices and take all necessary precautions to avoid any unwelcome outcome. More

hktdc research

UK Government Sets Out Proposal for New Free Trade Area Ensuring Frictionless Trade and Continued Regulatory Alignment

10 August 2018

On 12 July 2018, the UK government published a White Paper setting out its plans for a future relationship with the EU. Two areas will be of special interest to Hong Kong businesses: the UK’s proposal for a new free trade area, including a common rulebook for goods and a Facilitated Customs Arrangement (“FCA”), and the UK’s commitment to “open and fair competition”, meaning “high regulatory” standards in the areas of competition, state aid, environmental, and labour policies. More

hktdc research

Brexit in Focus: A Steady Course Through Uncharted Waters

20 November 2017

Uncertainty abounds over the implications of Brexit on trade and investment, leading different businesses to react differently in their preparation for the UK’s scheduled March 2019 departure. Pending concrete results from the ongoing UK-EU negotiations, Hong Kong companies are advised to thoroughly review the extent to which Brexit is going to impact on their overall business interests across the EU and take appropriate precautionary measures. More

hktdc research

Brexit Survey: UK Businesses Already Targetting Non-EU Markets

10 November 2017

On 21 September 2017, during the course of the Think Asia, Think Hong Kong event in London, HKTDC Research conducted interviews with representatives of 77 British companies with regard to their Brexit readiness and their plans to explore new markets and fresh business opportunities. The results show that, while the majority have yet to feel the full impact of Brexit, they are already planning to focus more on non-EU markets in the future. More

market spotlight

Brexit-hit Poland Looks East

18 August 2016

With the wider implications of the United Kingdom's decision to quit the European Union still reverberating around the region, concern is growing in Poland that it will be among the countries hardest hit by the move. More

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