After 25 years of expansion and relative stability, the European Union is going through seismic changes. The EU’s single market of 510 million people has grown to be the second largest economy in the world worth $16 trillion. But the Greek debt crisis, followed by the imminent exit of Britain from the EU, have strained relations among the member states. Now, all eyes are on the upcoming elections in France and Germany. In 2016, Maine exports to the EU totaled $503 million, and Europe remained a dominant player, accounting for 4 of Maine’s top 10 overseas markets. While the current uncertainty puts some long-standing transatlantic business relationships at risk, there will also be new opportunities as rules of trade change, European economies continue to rebound, and capital flows to new places for investment. At Trade Day 2017, our panel of experts will discuss how economic and political changes in the EU will impact Maine businesses in the short-term, as well as long-term trends to guide future strategy.
Cross Insurance Center515 Main Street
Bangor, ME United States
