Four principles for the UK's Brexit trade negotiations

Thomas Sampson

CentrePiece - The magazine for economic performance from Centre for Economic Performance, LSE

Abstract: The first priority in the UK government's plans for Brexit trade negotiations should be to agree a transitional deal to cover its relations with the European Union (EU) until a long-term agreement is reached. What's more, triggering Article 50 by March 2017 would be a mistake and should be avoided. These are among the conclusions of a research report by Thomas Sampson, which sets out four principles that should guide the UK's approach to future negotiations, most immediately with the European Union. He explains that to achieve its post-Brexit objectives, whatever they turn out to be, the UK government needs a trade negotiating strategy based on a clear-eyed understanding of how trade agreements work. Trade negotiations are not a cooperative endeavour; rather, they are a bargain between countries with competing objectives. And in the case of UK-EU negotiations, the UK has a weak hand because it needs a deal more than the EU does.

Keywords: Brexit; trade; UK economy; UK politics (search for similar items in EconPapers)
Date: 2016-12
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (2)

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Working Paper: Four principles for the UK's Brexit trade negotiations (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:cep:cepcnp:489

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