(Brexit) German business group urges deal

Business | 19 Jun 2017 10:11 pm

A top German business lobby is urging negotiators for Britain and the European Union to quickly come to an agreement over how Britain's departure from the EU will affect cross-border trade _ and avoid a "hard Brexit.'' 

The Mechanical Engineering Industry Association, known by its German initials VDMA, says that that goal of the two-year negotiating process is "damage limitation'' because Brexit won't benefit either side. 

VDMA managing director Thilo Brodtmann said in a statement that "the EU and Great Britain must absolutely avoid being left without an agreement in two years.'' 

The association represents 3,200 businesses with a million employees in Germany making industrial machinery. Such firms sold 7.3 billion euros worth of goods to customers in Britain last year, their fourth-biggest market.-AP

 



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