VDMA Brief: Shaping Brexit now
The export-oriented German mechanical engineering industry has benefited more than almost any other sector from economic and political integration and having the euro as the single currency. However, the result of the British referendum in favor of Brexit has shaken the EU to its core. Even two years on it is still not completely clear how the EU and the United Kingdom will work together in the future, but the UK must not be granted a special status. The mechanical engineering sector believes that the cohesion of the EU takes priority and demands equal competitive conditions in the EU27 and the UK.