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Exporters lose nearly $4 billion due to Brexit uncertainty

Germany UK Brexit

Holger Bingmann, president of the Federation of German Wholesale, Foreign Trade and Services, said that German exporters to the United Kingdom lost nearly $4 billion in the first half due to Brexit concerns, The Indian Express reported citing Deutsche Welle. Mr. Bingmann said that a hard Brexit would result in "immense additional costs" for German exporters in the form of customs and the bureaucracy of logistics, transportation, data protection and taxes.

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