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Poland braced for potential no-deal Brexit: deputy investment minister

Polish economy is ready for a potential no-deal Brexit, deputy investment and development minister Jerzy Kwieciński has been cited as saying.

Kwieciński said that the scenario is, however, unlikely, Poland’s PAP news agency reported.

British MPs are set to vote on British Prime Minister Theresa May’s Plan B Brexit deal on January 29.

After British deputies overwhelmingly voted to reject May’s first divorce deal mid-January, Polish Prime Minister Mateusz Morawiecki said that a no-deal Brexit would be “a bad solution” for both Britain and the European Union.

Morawiecki wrote on Twitter: “We will do everything to ensure maximum predictability and security for our citizens and companies.”

Kwieciński said that Brexit is one of Europe’s greatest economic and political challenges in 2019.

According to the ministry of entrepreneurship and technology some of the potential risks Polish entrepreneurs could be faced with in the event of a no-deal Brexit include customs tariffs equal to those levied on non-EU countries, the requirement to pay VAT on imports from the EU and longer delivery deadlines due to reintroduced border checks.

Britain’s final divorce date is set for March 29.


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