Work detail

Brexit and mutual trade between the Czech Republic and the United Kingdom

Author: Bc. Jakub Vosmanský
Year: 2019 - winter
Leaders: prof. Ing. Oldřich Dědek CSc.
Consultants:
Work type: Bachelors
Language: Czech
Pages: 73
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/191691/
Abstract: This bachelor thesis deals with the current issue of leaving the United Kingdom of Great
Britain and Northern Ireland from the European Union, assesses the possible impact of
Brexit on mutual trade between the Czech Republic and the United Kingdom and
evaluates its possible impact on the Czech economy. After a brief overview of the history
of the UK membership in the EU, a description of the complicated EU and UK
negotiations follows. Another chapter deals with some studies and analyzes evaluating
the impact of Brexit on the British economy. The following discussion concerns
negotiated Withdrawal Agreement and some possible EU-UK mutual relation models
after finishing the transition period - membership in the European Economic Area
(Norwegian model), negotiation of a free trade agreement (Swiss model, Canadian
model), withdrawal without agreement (hard Brexit). The UK is one of the most important
export partners of the Czech Republic, which results from the evaluation of mutual trade
exchange data. In the final part, this thesis examines the possible influence of the decline
of the British economy consumption on GDP of the Czech Republic using the InputOutput analysis and evaluates the potential impact of Brexit on the mutual trade between
the Czech Republic and the UK in the automotive industry. At the time of submitting this
work, it is still unclear whether the United Kingdom will leave the EU with or without an
agreement. The model of future cooperation that will only be negotiated in the future can
only be speculated at the moment. For Brexit there is no precedent - all of these are facts
influencing the degree of reliability of the predicted impacts of Brexit.

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