LONDON (Reuters) – Deutsche Bank analysts estimate that the costs to trade between Britain and the European Union will be high even if the two sides manage to strike a deal by the end of the year because of the impact of non-tariff barriers.
bodog poker review “Tariffs make up only a small part of the direct trade cost from leaving the EU,” the analysts wrote in a note.
“Of more significance is the prevalence of non-tariff barriers. These will weigh on trade regardless of whether the UK and EU trade on preferential terms or not,” they said.
Deutsche Bank expects bodog online casino Britain to agree on a Canada-style trade deal with the bloc in the coming weeks, which is referred to as a Free Trade Agreement (FTA).
Such a deal would knock 0.6% off Britain’s gross domestic product (GDP) with a cost of 0.2% to the EU’s GDP, the analysts said.
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