This essay deals with the withdrawal of the United Kingdom (UK) from the European Union (EU) and the resulting consequences for German companies which have business relations with the UK. The process and the reasons for Brexit will be explained chronologically followed by various consequences for German companies.
The result of the referendum in June 2016 makes the UK the first country in the history of the EU to leave the association of states. The Brexit process and the associated contract negotiations took several years until the UK finally left the EU on 31.01.2020.
However, many aspects – such as trading conditions – have still not been fully negotiated and there will be a transitional period until the end of the year. Since Germany and the UK are major trading partners for each other, there are consequences for German companies in various areas. In addition to the impact on trade, there may also be implications for value chains, employees or even corporate financing.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Context and Evolution of the Brexit
- Outline of the Reasons
- Chronological Development
- Impacts on German Companies
- Impacts on Trade
- Impacts on Value Chains
- Impacts on Employees
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This essay investigates the impact of the United Kingdom's withdrawal from the European Union (EU), known as Brexit, on German companies with business relations in the UK. The analysis examines the reasons behind Brexit, its chronological development, and the subsequent consequences for German businesses in terms of trade, value chains, and employee relations.
- The historical context and evolution of Brexit.
- The economic and social factors contributing to the Brexit vote.
- The impact of Brexit on German companies' trade relations with the UK.
- The challenges and opportunities presented by Brexit for German companies' value chains.
- The implications of Brexit for employees of German companies operating in the UK.
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the topic of Brexit and its implications for German companies with business relations in the UK. It sets the context for the study by highlighting the significance of the event and outlining the key areas of analysis.
- Context and Evolution of the Brexit: This chapter explores the historical and political context leading to Brexit, including the motivations behind the UK's decision to leave the EU. It examines the chronological development of the process, from the initial referendum to the final withdrawal.
- Impacts on German Companies: This chapter delves into the specific consequences of Brexit for German companies, focusing on the impact on trade, value chains, and employee relations. It analyzes the challenges and opportunities presented by the new economic landscape.
Schlüsselwörter (Keywords)
Brexit, European Union, United Kingdom, German companies, trade, value chains, employees, international integration, globalization, anti-globalization, trade liberalization, EU single market, free movement of capital and goods, referendum, political developments, economic consequences.
- Quote paper
- Anonym (Author), 2020, Brexit and its Impact on German Companies, Munich, GRIN Verlag, https://www.grin.com/document/921591
