This week as David Davis met the EU’s chief negotiator, much of the initial exchange will seem to be a side show – with the politics of holding the EU together dominating the EU approach, while Britain should focus on its future trade arrangements. Here, David Collins considers the legal issues involved with the UK’s post-Brexit trade opportunities, focusing on a UK-EU Free Trade Agreement (FTA) and the UK’s status within the World Trade Organization (WTO).
Given limited legal obstacles there is every likelihood that an FTA with Europe will be achieved within the next few years. Even without one, the UK should do very well as an independent member of the WTO. It will also be able to form mutually advantageous trading agreements with other countries, maximizing the gains from trade. The publication presents a checklist for strategies for the UK government to pursue in the coming months with a view to achieving the smoothest and most beneficial Brexit possible… Read onRead More