Thoughts on Brexit
In reflecting on the recent political events around the world, and especially in the UK., I can’t help but be optimistic that everything will work out well.
Everyone knows by now of the Brexit vote on March 29. The UK invoked Article 50 of the Treaty on European Union, officially withdrawing from the EU. Starting April 29, the remaining 27 EU countries will meet to discuss withdrawal. The negotiation process is not to last longer than two years, unless both parties agree to extend. The process requires approval from at least 20 countries with 65% of the population. As the details unfold during their long negotiations, we can expect to hear many opinions and thoughts on the effects.
Despite the long and exhaustive process that lies ahead, here is why I am optimistic; As a board member of the BABC and with my engagement in the international business community, I can tell you that everyone that I met who is engaged in the UK business community, are fully committed to keeping the UK an attractive place to live, work and invest. Also, those in UK Government have consistently indicated that they will fully cooperate to deliver on the promise to offer the business community a clear and realistic time frame and pathway for an ambitious future relationship with the EU. With the business and government leaders working together, I have great confidence that everyone will come together in this important time of change to minimize business disruption and facilitate the smooth transition to the post Brexit state.