Italy to Explore ‘Bilateral Ties’ for WTO Brexit over Fear of Losing Trade | WHAT REALLY HAPPENED

Italy to Explore ‘Bilateral Ties’ for WTO Brexit over Fear of Losing Trade

Italy’s populist, Eurosceptic government is examining potential bilateral arrangements with the UK in the event of a no-deal Brexit to safeguard against potential economic damage.

The UK is Italy’s third largest food products market, after Germany and the United States, accounting for €23 billion (£20bn/$26bn) annually — a bilateral surplus of €10 billion (£8.8bn/$11.3bn).

The country’s coalition government of the right-populist League and anti-establishment Five Star Movement (M5S) is worried that the European Commission’s inflexible attitude to Brexit will come at a cost of EU member state Italy, reports The Telegraph, with Prime Minister Giuseppe Conte telling his Brexit Task Force to examine the impact a no-deal will have on trade, ports, and customs.

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