Statement of Professor Achim Wambach, PhD, President
of the Centre for European Economic Research (ZEW), Mannheim,  on Great
Britain's Brexit strategy as outlined by British Prime Minister Theresa May
today.

"Now, It's Germany's Turn"

The British Prime Minister Theresa May has set the course for the Brexit
negotiations and announced that the United Kingdom intends to leave the
European single market. Furthermore, May has committed to renegotiate
Britain's membership in the European customs union and to define own rules
with respect to immigration policy. ZEW President Professor Achim Wambach,
PhD comments,

"Theresa May has outlined the position Great Britain intends to take in
Europe and in the world in terms of economic policy. If, at the end of the
day, truly viable trade agreements are to be concluded, it is important for
Germany to decide on the kind of relations it wants to entertain with
Britain.

One of the European Union's great advantages is its single market, with its
transparent and efficient competition rules. Such kind of 'win-win'
agreements are also to be found in other policy areas. It is these common
interests which need to be safeguarded in negotiations with the UK."

For further information please contact:
Prof. Achim Wambach, PhD, Phone +49(0)621/1235-100, E-mail wambach@zew.de