Before and after Brexit. How UK trade with the EU and the rest of the world has changed and will change further

Mer, 12/15/2021 - 17:00 / 18:30

Research Seminars Virtual Room, Luiss

Speaker: Filippo Fontanelli , University of Edinburgh

Abstract

Brexit’s dream had to do largely with trade emancipation, while the awakening from Brexit is full of trade-related woes and largely unfulfilled aspirations. Trade, in other words, is a good proxy for assessing Brexit both as a sacrifice (discarding the benefits of the EU Single Market) and as an opportunity (opening new options for the UK’s external economic policy). The presentation will scope out the relevant scenarios for anyone interested in gauging the effects of Brexit on trade. After a brief survey of the pre-Brexit and no-deal scenarios, the current Trade and Cooperation Agreement will be presented, with particular attention to the current and future issues in trade policies and the prospect for new UK trade agreements. Alongside the external dimension, Brexit has opened a new complication: the regulation of infra-UK trade, the so-called UK Internal Market. This, too, will be sketched, to provide the audience with a compact but comprehensive crash-course on all things Brexit in the field of trade.