Brexit ‘Alarm Bells’ Set to Ring as Chemical Makers See Disorder
- Industry symbolizes economic pitfalls of U.K. exit from EU
- European producers’ group chief cites risk of talks derailing
Brexit Triggered: What Happens Now?
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Chemical companies are preparing for a potentially disruptive Brexit as the U.K. withdrawal from the European Union threatens an integrated market underpinning more than 40 billion euros ($42 billion) a year in two-way trade.
Marco Mensink, director general of the European Chemical Industry Council representing manufacturers such as BASF SE, Akzo Nobel NV and Dupont Co., said the U.K. and its EU partners are starting two years of talks on Britain’s departure with widely differing positions. That’s a particular risk for the chemicals industry because of the intensity of its cross-Channel shipments, he said.