Home / Knowledge / News / Textiles / FTA advocates for a smart Brexit process
FTA advocates for a smart Brexit process
Apr '17
Foreign Trade Association (FTA), the Belgium based business association of global commerce that promotes the values of international trade and sustainable supply chains, is advocating for a smart Brexit process that safeguards open markets and business interests. The organisation is pushing for a sound strategy to mitigate negative impacts of Brexit.

Last month, the British government activated Article 50 of the Lisbon Treaty to formally launch the negotiations which will determine the conditions of the United Kingdom to leave the European Union (EU). It is the first time that a member state has opted to leave the EU, and Brexit clearly has the potential of having a considerable – negative – effect on the business sector, according to the FTA.

The possible effects of Brexit include imposition of tariffs and border checks in the future bilateral trade relations. It might also negatively impact economic growth – and consequently consumption – in the UK, the EU and the world. Further, as the EU will lose a liberal voice, there might be a shift towards a more ‘defensive’ EU trade policy. Also, Brexit will result in decrease in the influence of the EU, potentially leading to more market fragmentation.

To limit the impact of Brexit process, FTA director general Christian Ewert underlines the priorities of the international trade sector in these divorce talks: “We need to invent a magic formula which will guarantee the highest possible level of market integration while avoiding a domino effect triggering similar leave requests from other EU member states. At the same time, we need to leave the door open for the British government to exit Brexit, as the political mood in the UK might change again.”

Pushing for a sound strategy to mitigate negative impacts, promote possible opportunities and effectively represent the interest of FTA members, Ewert says, “The upcoming talks should be conducted in a spirit of fairness, trust and partnership to make sure the negotiations advance quickly, create legal clarity soon and prevent major business disruption.”

FTA represents more than 1,900 retailers, importers and brands to promote and defend international trade and supports their business by providing information and practical solutions towards sustainability in the global supply chain. (RKS)

Fibre2Fashion News Desk – India

Interviews View All

Krishnanand Tripathi, Textrade International Ltd

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Textile industry, Head honchos

Textile industry
Head honchos

Relaxation in FDI norms will support growth of retail sector

Deepak Jain, Baggout

Deepak Jain

We are using Facebook and Instagram to promote ourselves

Liz Manning,

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Harssh Chheda,

Harssh Chheda

Mumbai-based Corporate Collars provides bespoke tailoring services for...

Rikesh Mistry,

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Steve Cole, Xerium Technologies

Steve Cole
Xerium Technologies

Steve Cole of Xerium Technologies discusses the industry. Xerium is the...

Eric Scholler, Groz-Beckert

Eric Scholler

The Indian market has huge potential in technical textiles, and by far,...

Sven Ghyselinck, Devan Chemical

Sven Ghyselinck
Devan Chemical

Headquartered in Belgium and with offices in the United Kingdom, Portugal...

Robert Brunner, Devereux

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Silvia Venturini Fendi, Fendi s.r.l

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Nisha Chanda, Whistling Woods International School of Fashion

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

November 2019

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category

Related Categories:

Follow us on instagram


Follow Fibre2Fashion On

Advanced Search