#BrexitConcerns about the impact of Brexit on developing nations as they lose access to a range of EU agreements (GSP, EBA, EPAs) allowing vulnerable developing countries to pay fewer or no duties on their exports, and import duties are once again imposed
die-gdi.de/briefing-paper…
"findings show that losing these preferences together with the UK’s withdrawal from the EU may cause EBA countries’ GDPs to fall by -0.01% to -1.08%."
Simulations also indicate that the highest losses will occur in Cambodia & Malawi, where dependence on the UK market is strong
Brexit may cause the number of those living in extreme poverty (PPP $1.90 a day) to rise by nearly 1.7M in all EBA countries. These are conservative estimates of Brexit’s negative impacts"
Also uncertainty, depreciation of sterling, reduced aid spending, remittances & investments
And that's just the trade impact on developing nations from Brexit -
we should also have #BrexitConcerns about this plan to reduce the UK commitment to foreign aid
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