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''In the dialogue with governments and parliaments there is, starting now, a window of opportunity for the business community and other interest groups in the United Kingdom and the rest of Europe, so both parties should be aware of the areas that should be given priority in the Brexit negotiations,'' commented Sir Philip Lowe, Senior Adviser at the international consulting firm FTI Consulting and former Director General of the European Commission for Competition and Energy, today at ESADE.
The Brexit effect
Given the context of political and economic uncertainty in Europe, priority could be placed on sectors in which EU membership benefits both parties, but also on other areas where the advantages of the existing cooperation could be preserved.
As part of the session ''Brexit: What’s Next?'' held today on ESADE’s Madrid campus, Lowe highlighted the areas that he considers to be especially sensitive for Spain in light of the Brexit challenge. These areas include the potential impact on Spanish fishing fleets and supply chains in the manufacturing industry (in terms of both cost and benefits for production centres in Spain); the effect of the freefall of the pound on British tourism in Spain; the potential impact on the strategies and structures of certain Spain-based financial institutions; and the free movement of workers and rights of residence in relation to the United Kingdom. According to Lowe, this last aspect ''affects Spain more than other EU member states, and reciprocity in future agreements will be crucial.''
During his remarks, Lowe remarked that the ownership of UK-based energy and transport companies could be influenced more by the policies of the British government than by those of the single market. He underscored the importance of making sure that London is aware of Spain’s concerns in these areas.
The session ''Brexit: What’s Next?'', organised by the ESADE Alumni Energy and Environment Club, also featured the participation of Ángel Saz, Director of ESADEgeo, and Blanca Perea, Leader of Energy Practice at FTI Consulting Spain.
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