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Both the European Union and the United Kingdom would suffer unpredictable economic damage if the formal Brexit took place without a trade deal. Hungarian carmakers would be in crisis if this did not happen, affecting the entire Hungarian economy, Ferenc Kumin, the recently appointed ambassador for London, told the British newspaper Sunday Express.
Hungary also wants the EU to give priority to reaching an agreement with Great Britain on security and immigration control issues, and to reaching a mutually beneficial trade agreement. The EU’s strategy, he said, is to make few concessions on the latter, saying the UK will be better tolerated for an effective exit without a deal. French President Emmanuel Macron also said this last week, saying the British had “much more to lose” without a trade deal, Ferenc Kumin, Hungary’s ambassador to the UK, told the Sunday Express.
According to the document, Kumin’s statements show that several governments in Europe are already beginning to recognize the real consequences of unconventional Brexit, while the coronavirus epidemic is already hitting the economies of EU member states hard.
“We can lose a lot on both sides. It is also in the EU’s interest to have a deal, even if we sometimes seem to forget it,” said Kumin, who also gave examples of the detrimental effects of Brexit on the Hungarian economy. He mainly referred to car and auto parts manufacturers, which produce around 400,000 vehicles a year in Hungary and are involved as suppliers to most of the car brands. And a significant part of the finished products will enter the UK market.
“We are manufacturers of many, many automotive products, cars, premium cars, which would be nice if they could enter the British market. We do not want any detrimental factor for this industry, because it will immediately affect the Hungarian economy as a whole,” added the ambassador Hungarian. who said that it would be very important for the British to remain in the manufacture of other products as well.
When Michel Barnier returned to the UK and talks resumed over the weekend, Kumin said he was hopeful a deal could be reached, but noted that member states had little impact on the outcome. According to the newspaper, pressure will also be put on EU chief negotiator Barnier to come to the vineyard.
“Of course we see the difficulties. When it comes to fisheries, Hungary is not directly affected, but we are trying to understand the position of both parties. We just hope there is enough wisdom on both sides of the negotiating table to finally find a solution, “he said. .
According to Kumin, the UK is also an important partner in the fight against illegal immigration, and this is what the V4 member states see.
The negative impact on the union is not yet visible in Brexit, but the crisis has been significantly aggravated by the exit of the United Kingdom, while the crisis caused by the coronavirus epidemic has also torn the economy apart.
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