BDI calls on Britain to quickly pass exit deal to avert hard Brexit

"Otherwise companies will have to implement the necessary emergency measures for a disorderly exit of the United Kingdom from the EU," it added.

German industry association BDI called on Britain to quickly pass an agreement on the country's exit from the European Union to avert a hard Brexit.

"Now it is important that the British government doesn't lose any more time. We are calling on those in charge in London to achieve a majority as quickly as possible to avert a hard Brexit," the association said in a statement on Thursday.

"Otherwise companies will have to implement the necessary emergency measures for a disorderly exit of the United Kingdom from the EU," it added.