Brexit! The local impact. Falling euro and sterling will affect exports. Trade agreements to be redrafted in the medium term

Local business stakeholders expect little or no change from the UK's decision today to leave the European Union (EU). The value of imports from the UK stands at $525 million (up from $305 million in 2006) with exports last year at around $40 million (compared to $30 million in 2006).

Mohamed Choucair, Chairman of the Federation of Chambers of Commerce, Industry and Agriculture said: "We do not expect any change in our bilateral trade relations." He expects that the UK will maintain its ...

Article details