Greece’s exporters’ association on Friday referred to a spectre of “uncertainty” now hovering over European and global trade due to the result of Thursday’s referendum in Britain.
Greece’s exporters’ association on Friday referred to a spectre of “uncertainty” now hovering over European and global trade due to the result of Thursday’s referendum in Britain.
The association said that 2.5 billion euros in bilateral trade between Greece and the UK now depends on crucial factors such as the euro-pound sterling parity and the possibility of customs tariffs imposed by either side.
Association president Christina Sakellaridis said the British market is the seventh biggest for Greek products, while the UK is the 14th biggest importer in Greece.
The association announced that the total value of Greek exports to the UK reached 1.07 billion euros in 2015, with an annual rate of increase of 2.1 percent over the 2011-2015 period. Greek exports, in fact, increased by 10.8 percent in 2015, yoy.
Conversely, Greek imports from Britain fell 2.3 percent, on average, in the same five-year period, totaling 1.19 billion euros in 2015.