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Bookmark or Share- These are the EU countries with the largest economiesThe GDPs of Germany, France and Italy make up more than half of the EU’s entire economic output. The UK, which joined the EU in 1973 and formally left in 2020, would have been the second-largest economy in the region at $3.4 trillion. The IMF has a gloomy outlook for the EU in 2023, anticipating growth of just 0.7%.
- Here’s what you need to know about the CPTPP | World Economic ForumThe UK already had bilateral trade agreements with all countries in the CPTPP bar Brunei and Malaysia, some of which had been carried over from its EU membership. The UK government’s own estimate says the reduced red tape and improved market access will boost GDP by £1.8 billion - 0.08% - over 10 years.
- International trade: US-UK deal and top news in June 2023 | World ...The UK is being urged to join an international deal on goods trade instead of seeking delays to post-Brexit tariffs that threaten to batter its car industry. Senior EU officials say the UK should sign up to an existing agreement involving 20 nations across Europe, the Middle East and Africa, the FT reports.
- Why did Britain join the EU? | World Economic ForumFigure 1. Percentage difference between the UK’s GDP per capita and EU founding members’ (EU6) and EU5 (excludes Luxembourg) between 1950 and 2011. Data source: Penn World Tables 8.0. Stockholm and two vetoes. The 1960 Stockholm Treaty launched EFTA.5 Tellingly, in July 1961, the UK opened membership negotiations with the European Communities.
- Britain and the EU reach Northern Ireland trade deal | World Economic ForumWhen Britain decided to leave the EU, it raised a question about the status of the land border between Northern Ireland (part of the UK) and the Republic of Ireland (a member of the EU). As the BBC explains, this is a sensitive topic because of the troubled political history of Northern Ireland. It was feared that introducing customs checks ...
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