On June 23, 2016, the British voted for the UK to leave the European Union. Other than the immediate shock and ensuing market reaction, it is going to take some time for the real effects of the British exit from the European Union to be felt. Business contracts will be honored and things will evolve slowly. This is unchartered territory for the EU, and plans will be carefully developed. Tourism and commerce are likely to increase as the US dollar will be stronger against the British pound and the euro. The UK is one of our region’s most significant trading partners, and BABC of Greater Philadelphia, serving Southeastern Pennsylvania, Southern New Jersey and Delaware will do everything we can to maintain and build that relationship not only with the UK but with all of Europe.
Read more for the BritishAmerican Business CEO’s statement on the matter.
For local press clippings please click here.
