German industry bloc says hard Brexit risk remains

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German industry bloc says hard Brexit risk remains
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The risk of a disorderly Brexit will remain even after Britain leaves the Europe...

FILE PHOTO: European Union, British and German flags flutter in front of the chancellery ahead of a visit of British Prime Minister Theresa May in Berlin, Germany, April 9, 2019. REUTERS/Fabrizio Bensch

BDI Managing Director Joachim Lang said there were no reasons to sound the all-clear now that Britain’s departure will be governed by a formal withdrawal agreement, since the transition period agreed only lasts until the end of the year. Prime Minister Boris Johnson, elected on a promise to “Get Brexit Done”, has ruled out extending the transition and is in the process of making it illegal to do so, leaving only 11 months to seal a deal between the world’s fifth biggest economy and its largest trade bloc.

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