Firms in Germany want to maintain strong ties with the UK once it departs the EU, the managing director of one of the country’s major industry groups has said.

“Ideally, we would have a deep and comprehensive partnership agreement on investment and trade,” said Markus Kerber of BDI, according to Reuters.

“German companies with operations in the United Kingdom face massive challenges starting in 2019,” Kerber added. “Issues include customs duties, protectionist measures, diverging rules, lack of market access and tax dislocation.” (GETTY)

From City A.M.