Brexit deal positive for Malta – Malta Chamber

The Malta Chamber of Commerce, Enterprise and Industry has welcomed the Brexit deal struck between the UK and the European Union. 

In his first reaction to the announced agreement, chamber president David Xuereb said the most important aspect of this deal from the Malta perspective is the fact that the UK will not be treated as a third country even though it had decided to leave the European bloc. 

“The reaction will obviously be a positive one because we were always hoping that some form of deal is struck. The UK has always been an ally to Malta. A mother country you can say. The fact that it will not be considered to be a third country but an important country is very positive for Malta in our view. The UK will remain close to the EU and therefore closer to Malta,” Xuereb said when contacted. 

Another important aspect of the deal, he said, is the waiver on UK products which means that UK products entering the EU market, and therefore including Malta, will not be charged anything extra. This is good news because it means that the products we previously imported from the UK will not be seeing a radical price increase as we expected, he said. 

However, he said, it was still...