Govt. Studying Brexit Deal for Impact on Slovenia

By , 16 Nov 2018, 10:20 AM News
Govt. Studying Brexit Deal for Impact on Slovenia Flickr - frankieleon CC BY 2.0

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STA, 15 November 2018 - Foreign Minister Miro Cerar said that it would take some time to analyse the Brexit agreement drawn up by British and EU negotiators, while stressing that it was of key importance that the interests and rights of people were taken care of and that the economic conditions for companies did not worsen.

Speaking to the press after a government session on Thursday, Cerar said that the agreement, confirmed by the British government yesterday, would be thoroughly analysed.

The 585-page agreement, accompanied by a draft political statement on the future relations between the UK and EU, while it also needs to be confirmed by the European Parliament and the European Council, is facing the biggest test in the British parliament.

Related: We met the British Ambassador and asked about Brexit…

Cerar said that the extensive document was being examined also in Slovenia as we speak, adding that all aspects of the document would be presented to the public once they were thoroughly examined.

The most important thing is that the ministries monitor what will happen in any situation "with our people and our companies present in the United Kingdom," he added.

Asked for comment on the deal, the Chamber of Commerce and Industry (GZS) noted that the European Commission had formed guidelines for companies for the event of a no-deal Brexit which were publicly available in 22 languages.

Related: How to get dual citizenship in Slovenia

"However, this does not mean yet that we can be sure that in case of a no-deal Brexit deal there would be no problems for business," GZS Analytics' chief economist Bojan Ivanc said, adding that their assessment was that bigger companies were better prepared for an adverse scenario.

Ivanc said the key risk for Slovenia was an indirect one, if there was no deal and if trade or financial flows between the UK and key European countries were paralysed.

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