Key captains of industry within the German powerhouse of Hesse have given the thumbs up to Brexit Britain.
The region, which contains Frankfurt, Germany’s financial centre, has close links with the UK, which ‘will not be changed’ post 2019.
Prof. Mathias Mueller, President of the Frankfurt Chamber of Commerce and Industry, explained:
“Exports to the UK totalled 4.1 billion euros in 2017, which was 6.5 percent of Hessen’s exports… The sectors most affected include automobiles and automotive parts, since many Vauxhall automobiles sold in the UK are essentially “Made in Hessen”. Traditionally important export goods from Hessen are also chemical and pharmaceutical products as well as electro-technical products.”
“Business is running as usual, a ”Brexit shock” has not occurred and most companies are so experienced in international trade that they can deal with problems such as customs clearance, different national licensing processes, site-specific legal norms and the like. In general, the issues confronting companies with Brexit are nothing new.”