Prospective Models for Britain’s Trade Policy after Withdrawal from the EU
Abstract
The scope of the paper is limited to several aspects of Britain’s economic relationship with the European Union after the departure from this bloc. Apart from general matters like the EU budget and the EU legislation, special attention is paid to economic and regulatory conditions of the EU single market as these aspects have been sensitive throughout the history of the European integration resulting in shaping some of the presented models, based on national economy priorities of the EU partners including those from the EFTA.
Taking into account crucial drawbacks of the Draft Withdrawal Agreement published on 14 November 2018, the author’s view that it is unlikely to succeed, at least in the current wording, the paper provides solutions for the UK’s post-Brexit trade policy should it leave the EU with no deal.
Downloads
References
Portanskiy A.P. Mnogostoronnyaya Torgovaya Sistema (1947–2014) i Uchastie v nei Rossii [Multilateral Trade System (1947–2014) and Russia’s Participation in It]. Coursebook. M.: Mezhdunarodnye otnosheniya, 2015.
Biryukova O.V. Torgovo-Politicheskiy Instrumentariy v Mezhdunarodnoi
Torgovle Uslugami. M.: Ekonomika, 2013.
World Economic Outlook. Uncertainty in the Aftermath of the U.K. Referendum. IMF, 2016.
Hua H. Brexit update: The Article 50 Challenge, the Great Repeal Bill and Issues around Timing // White & Case. 24 January 2017.
Balassa B. The Theory of Economic Integration. London: G. Allen & Unwin Ltd, 1961.
Bruton J. (2017) Complexities of Brexit. URL: http://johnbruton.com/the-complexities-of-brexit-customs-checks-rules-of-origin-tariff-collection-doing-business-will-become-more-expensive
Vermulst E., Waer P., Bourgeois J. (eds). (1992) Rules of Origin in International Trade: A Comparative Study.
The future of the European Union: UK Government policy (2013) House of Commons Foreign Affairs Committee. URL: https://publications.parliament.uk/pa/cm201314/cmselect/cmfaff/87/87.pdf
Draft Agreement on the withdrawal of the United Kingdom of Great Britain and Northern Ireland from the European Union and the European Atomic Energy Community, as agreed at negotiators' level on 14 November 2018. European Commission, 2018. URL: https://ec.europa.eu/commission/publications/draft-agreement-withdrawal-united-kingdom-great-britain-and-northern-ireland-european-union-and-european-atomic-energy-community-agreed-negotiators-level-14-november-2018_en
Baker McKenzie. Brexit: Preparing for a No Deal Scenario. 13 August 2018. URL: https://www.bakermckenzie.com/en/insight/publications/2018/08/brexit-preparing-for-no-deal-scenario
General Agreement on Tariffs and Trade. URL: https://www.wto.org/ENGLISH/res_e/booksp_e/gatt_ai_e/art24_e.pdf
