Brexit to damage Polish economy after 2020

Brexit will not be beneficial for the Polish economy because it means excluding Great Britain from the rules applicable in the single market. The area in which Polish companies maintained commercial relations on favorable terms will shrink, said the Lewiatan Confederation.

“Brexit will not help the Polish and European economy. Nothing will change much this year. But it may be worse in the coming years. We hope that in the next 11 months when negotiations on the agreement between Great Britain and the EU will continue, many difficult problems will be solved,” Maciej Witucki, Lewiatan President, said.

After the transition period, more complications will result from the use of so-called non-tariff barriers, i.e. norms and standards.
“For example, the supply of fresh meat must be fast. The presence of standards higher than European limits access to the British market, while separate quality tests extend the delivery process, which is sometimes crucial, and may require the construction of special infrastructure (e.g. cold stores),” we read further.

Great Britain is among the three largest directions of Polish foreign trade. We export goods worth almost €14 billion, which accounted for about 6-7% of our exports in 2018.

(ISBnews)