{"id":33667,"date":"2022-06-22T21:00:00","date_gmt":"2022-06-22T19:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=33667"},"modified":"2022-07-21T10:33:13","modified_gmt":"2022-07-21T08:33:13","slug":"brexit-balance-sheet-consensual-divorce","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/brexit-balance-sheet-consensual-divorce\/","title":{"rendered":"Brexit: the balance sheet of a consensual divorce"},"content":{"rendered":"
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On 31 December 2020, the transitional period provided for in the Brexit Withdrawal Agreement came to an end, with the United Kingdom leaving the European Union. This exit from the EU bloc had economic consequences in both the commercial and financial spheres, but its impact was not the same in all sectors of the economy.<\/b><\/h3>\n

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Attempts were made to minimise the economic damage with the <\/span>Trade and Cooperation Agreement of 24 December<\/b>, but even with the new deal, the UK’s exit from the EU had a significant impact on the European economy and, in particular, on ours, which has a higher trade and financial exposure to the UK than other EU economies.<\/span><\/p>\n

The UK is Spain’s fifth-largest trading partner<\/b>, behind Germany, France, Italy, and Portugal. In 2019, it received 6.8% of total Spanish exports, equivalent to 19.666 billion, an amount that could be reduced depending on tariffs and other barriers placed on Spanish products.<\/span><\/p>\n

As 11Onze agent Aitor Canudas explains, “Catalonia and Madrid are the two communities that sell the most goods to the UK, followed by Andalusia, Valencia, Galicia, the Basque Country, and Aragon. <\/span>Cars, fruit, pulses, and vegetables are the best-selling goods<\/b>, but also precious metals, motors, electrical appliances and medicines, among others”.<\/span><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n<\/div>\n\n\n

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