Brexit Lives, Mercosur is Dead

Boris Johnson’s new Brexit deal appears to have little chance of being approved by the British Parliament, which will vote on Saturday the 19th of Oct. Still, it signals progress of a sort, since now he can head into the upcoming U.K. elections with a “take it or leave it” stance. No more talk of an Irish backstop - the new wording is “customs partnership”, which amounts to pretty much the same thing. The U.K. will act as a collecting agent to smooth over any lingering Irish tensions. Meanwhile, Austria has rejected a 20-years in the making EU-Mercosur deal, out of concern for deforestation in Brazil. Despite all the drama, EU SMEs continue to swim upstream, as the following articles attest.

Read More:

https://bbj.hu/business/faktum-furniture-shows-benefits-of-eu-funding-for-smes-_172779

https://www.cnbc.com/2019/10/16/trade-firms-in-europe-are-bracing-for-7point5-billion-in-us-tariffs.html

https://www.zdnet.com/article/revealed-the-dramatic-changes-tech-firms-are-making-ahead-of-brexit/

 

Photo by Adam Wilson on Unsplash

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