Romania: Brexit - a reality

Romania: Brexit - a reality

Britain has decided: BREXIT has now become a reality. The Brexit vote is likely to have an impact on the UK economy as a whole, but also on the longer-term status of the European Market. Terms for exit and the future relationship of the UK with the EU still need to be negotiated. Once an agreement is negotiated and in force, all remaining treaties will cease to apply to the UK. Furthermore, the EU, as a large and powerful trade bloc, has negotiated terms of trade with many other countries, including the USA, China and Japan. The UK, as an “EU leaver”, will no longer be a party to those agreements and would have to negotiate its own trade terms with each country and EU state itself.

Mădălina Racovițan

Tax Partner, Head of People Services

KPMG in Romania

Focus on Brexit

©2024 KPMG România S.R.L., o societate cu răspundere limitată de drept român, membră a organizației globale KPMG, compusă din societăți membre independente afiliate KPMG International Limited, societate privată engleză cu raspundere limitată la garanții.  Toate drepturile rezervate.

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