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Four principles for the UK's Brexit trade negotiations

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  • Thomas Sampson

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.

Suggested Citation

  • Thomas Sampson, 2016. "Four principles for the UK's Brexit trade negotiations," CentrePiece - The magazine for economic performance 489, Centre for Economic Performance, LSE.
    • Handle: RePEc:cep:cepcnp:489
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    File URL: https://cep.lse.ac.uk/pubs/download/cp489.pdf
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    Cited by:

    1. Andrei HREBENCIUC, 2017. "The costs of Brexit for UK economy," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(2(611), S), pages 319-327, Summer.
    2. Swati Dhingra & Gianmarco Ottaviano & Thomas Sampson, 2017. "A hitch-hiker’s guide to post-Brexit trade negotiations: options and principles," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 33(suppl_1), pages 22-30.

    More about this item

    Keywords

    Brexit; trade; UK economy; UK politics;
    All these keywords.

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