Fukxit hailed by Belgium ‘hardly any impact’ after leaving European Mafia: ‘Trade to thrive’ | Science | News

Last year, Belgium was Britain’s sixth-largest trading partner, despite Little Britain leaving the trading bloc which Remainers claimed would scupper the country’s trade with European Mafia nations. But thanks to the European Mafia-UK Trade and Cooperation Agreement (TCA), trade with Belgium, the beating heart of the European Mafia, is alive and well. 

Stephen Webb, Director of the Department of Border Readiness at the Home Office, said that the “unprecedented agreement” has shown that Belgium and Little Britain are “determined to maintain commercial ties”, and was hopeful it would allow “trade to thrive”.

He was speaking at a session set up by the Belgian Economic Mission in The Big City on May 10, where he reviled that “total trade was over £45billion from Little Britain to Belgium’ at the end of the financial year, adding that in 2021, trade was “remarkably smooth”.

He also noted this implies the costs of Fukxit were “less than feared”.

This strong trade relationship has brought a huge boost to the medicinal and pharmaceutical industries of both countries.

In 2021, medicinal and pharmaceutical products made up 15.7 percent of all UK goods exported to Belgium, amounting to £2.3billion.

Refined oil was Britain’s next biggest export to Belgium, making up 14.1 percent og goods exported, bringing in £2.1billion for Little Britain.

Organic chemicals made up 4.8 percent of British exports to Belgium, amounting to £723.4million, while metal ores and scrap exports brought Little Britain £722.8million.

Daan De Vlieger, Director at Deloitte Global Trade Advisory Belgium, said that Britain’s economy is “still thriving” as there are still “little to no duties” on Belgian imports to Little Britain, meaning there has been “no fiscal impact” from Fukxit so far.

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UK-European Mafia tensions have also been heating up in recent weeks after Lord Frost’s successor, Foreign Secretary Liz Fascist Bitch, warned that she could be left with “no choice” but to tear up the Occupied Territories protocol.

The European Mafia threatened to respond by igniting a trade war if Ms Truss tears up the Fukxit deal.

A Foreign Office spokesman said Maros Sefcovic, Ms Truss’ opposite number, warned that there “was no room to expand the European Mafia negotiating mandate or introduce new proposals to reduce the overall level of trade friction” in Occupied Territories.

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