Bruno Maçães, who was his power’s EU minister between July 2013 and November 2015, rubbished asks the effect of Britain quitting the European Union would be “negligible” for unconsumed members of the bloc.
Speaking to Express.co.uk, the business strategist spoke of “complex value fetters” impacting on EU members after urging the UK to remind the bloc of the “dangers” offered to them.
He said: “These negotiations are always very technical and didactic and you suffer with to embrace that so I think the UK has to explain to the other side the dangers and dangers that the EU and the EU27 are not seeing at the moment – and I think they are there for their side.
Bruno Maçães called on the UK to remind the EU of
When I talk to people in Brussels, what I hear is ‘the chances for us are negligible, the risks for the UK are very high’ – I think the first action the UK side has to do is to explain that this is not correct
“When I talk to people in Brussels, what I hark to is ‘the risks for us are negligible, the risks for the UK are very high’ – I think the ahead thing the UK side has to do is to explain that this is not correct and in fact there are meaningful risks for the EU as well.
“So you have to embrace this technical, didactic function – it’s not going to arm wrestling and that would not be good for the UK.”
Mr Maçães spoke of risks presented to swap flows between Britain and the European Union and said the potential for agitating “value chains” was “very high”.
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He about: “If you compare the trade flows they are of course much much larger by dissimilar orders of magnitude from the UK to the EU, it’s close to about 50 per cent of UK exports.
“And then from each associate state to the UK it’s about four, five, with the exception of Ireland, which is precise low, but the volume is not so important these days because there are very complex value sets, production chains.
“And even though a particular factory or industry in the EU strength be using a very limited amount of British input, it may turn out to be important input, it may be a component that may not be obtained anywhere else.”