Business confederation concerned about delay in Brexit negotiations

The Portuguese Business Confederation has expressed “utmost concern” over the delay in negotiating an agreement on future relations between the United Kingdom and the European Union.

In a statement, the confederation called on both sides for the political will to agree. The bosses union recalled that in a 2018 study it conducted, it found Brexit would have a negative effect of 15% on Portuguese exports to the UK, but that potential losses could reach 26%, in a more negative scenario where there is no deal.