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Week 6 Discission Bourd

Week 6 Discission Bourd

Q Brexit (British Exit) was the withdrawal of the United Kingdom (UK) from the European Union and the European Atomic Energy Community (EAEC) became effective on January 31, 2020. Do you think it was smart for the UK to leave the EU? Explain.

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Brexit is a combination of two words “British and Exit”, these two words are combined here and it is coined by referring to the decision of the United Kingdom, in respect of leaving the European Union (EU) (BBC News., 2020). This Brexit struck down the free trade agreement which ensures the two sides can trade goods without tariffs or quotas. This Brexit makes the future relationship between the United Kingdom and European Union uncertain. It also makes the trade-in service of the nation uncertain, from which the United Kingdom make up 80% of their economy (BBC News., 2020). So, this Brexit significantly damage the economic wellness of the United Kingdom. Though it has many negative impacts it also has some positive because, after leaving from European Union, the United Kingdom can enter into a relationship with such countries, with whom European Union has no free trade relation, like the United States, New Zealand, Australia, etc. (BBC News., 2020).