Share this article: Facebooktwitterredditpinterestlinkedinmail

Alasdair Smith, author17 December 2020

Alasdair Smith is Emeritus Professor of Economics at the University of Sussex and Fellow of the UK Trade Policy Observatory.

If the UK leaves the EU transition period without a trade deal there will be disruption and delay at the borders in the short run; and in the longer run, there will be the economic costs of trade barriers for important parts of the UK economy like agriculture, food manufacturing and the car industry. There will be problems too for the EU.

The biggest obstacle to a deal is the arcane issue of the ‘level playing field’. Does this really matter enough to both sides to prevent an agreement? (more…)

December 17th, 2020

Posted In: UK- EU

Tags: ,

One Comment

Share this article: Facebooktwitterredditpinterestlinkedinmail

Michael Gasiorek15 December 2020

Michael Gasiorek is Professor of Economics at the University of Sussex and Director of the UK Trade Policy Observatory. Nicolo Tamberi is a Research Assistant in Economics for the UK Trade Policy Observatory. 

There has rightly been much talk recently about the disruption and economic damage that would result from a No Deal Brexit, and hence the economic importance of avoiding this outcome. This is on top of the economic havoc being wreaked by the Coronavirus pandemic. Despite this, we have seen the Prime Minister suggesting that No Deal would be a ‘good outcome’ for the UK and that the UK would prosper. How can this be squared? (more…)

December 15th, 2020

Posted In: UK- EU

Tags: ,

2 Comments

Share this article: Facebooktwitterredditpinterestlinkedinmail

Erika Szyszczak4 December 2020

Professor Erika Szyszczak is Fellow of the UKTPO.

The preoccupation in the final stages of the Brexit talks with an industry that contributes 0.12% to GDP and employs less than 0.1% of the UK workforce baffles commentators. Control over “our” fishing waters owes more to maintaining the British psyche rather than economic arguments.  Amidst fears that the traditional UK fish and chip supper could be at risk without a fisheries deal with the EU, the UK has put in place a series of Memoranda of Understanding (MoU) with four Northern fishing nations; Greenland, Norway, Iceland and the Faroe Islands. (more…)

December 4th, 2020

Posted In: UK - Non EU, UK- EU

2 Comments

Share this article: Facebooktwitterredditpinterestlinkedinmail

20 November 2020

Michael Gasiorek is Professor of Economics at the University of Sussex and Director of the UKTPO.

Discussions and evaluations on the future UK-EU relationship have been on-going since the referendum of June 2016, and we are close to another milestone – by the end of the year, we will either have a free trade agreement (FTA) with the EU or no-deal. Note this is a milestone and not the endgame. Whether or not there is an agreement there will still be considerable practicalities to resolve, and no doubt some areas will be open to future negotiation. There is a lot of talk in the press about sticking points (fisheries, state aid and level playing field provisions, dispute settlement) but how good the deal is for the UK will depend on the scope and the depth of what is agreed, and whether some areas are only notionally covered and need to be sorted out in future negotiations. (more…)

November 20th, 2020

Posted In: UK- EU

Tags: , , , ,

2 Comments

Share this article: Facebooktwitterredditpinterestlinkedinmail

Erika Szyszczak12 November 2020

Professor Erika Szyszczak is a Fellow of UKTPO

In its avowed Global Britain Project the UK promised that Ukraine would be given preferential status in the post-Brexit trade landscape. Finally, on October 8, 2020 the UK and Ukraine signed a Political, Free Trade and Strategic Partnership Agreement (the Agreement).

This is the first comprehensive strategic and trade agreement signed by the UK since the creation of the Foreign, Commonwealth and Development Office, but one of several continuity agreements. The political symbolism of the Agreement is of greater significance than the economic impact of the Agreement, with Ukraine and the UK keen to show that they are independent, sovereign trading nations. (more…)

November 18th, 2020

Posted In: Uncategorised

2 Comments

Share this article: Facebooktwitterredditpinterestlinkedinmail

13 November 2020

Guest blog by Emily Jones, Associate Professor in Public Policy, and Beatriz Kira, Senior Research and Policy Officer, both at the Blavatnik School of Government, University of Oxford. 

The Government’s new approach to digital trade deserves close scrutiny. It has described the new digital provisions in the UK-Japan agreement as going “far beyond the EU’s” to make the deal “truly cutting-edge”. Digital trade is a priority in negotiations with the US too. Earlier this week a spokesperson said the UK and US have already agreed provisions on digital trade and data that are “forward-leaning” and argued that this would make a UK deal attractive to the new Biden administration. (more…)

November 13th, 2020

Posted In: UK - Non EU, UK- EU

Tags: ,

Leave a Comment

Share this article: Facebooktwitterredditpinterestlinkedinmail

29 October 2020

Yohannes Ayele is Research Fellow in the Economics of Brexit at the University of Sussex and Fellow of the UKTPO.

Update 30 October 2020: This is a slightly revised version of the blog we released yesterday. Sorry for any confusion we may have caused. Essentially, we tripped over the fact that the first year of the UK-Japan CEPA trade liberalisation schedule lasts for only one month, in order to bring it into line with that of the EU-Japan EPA.

Having left the EU and with the conclusion of the transition period at the end of 2020, the signing of new free trade agreements with countries that cover 80% of the UK trade by 2022 has been an integral part of government plans. On 23 October 2020, the UK signed its first post-Brexit free trade agreement  – with Japan, the UK-Japan Comprehensive Economic Partnership Agreement (CEPA). This blog provides an analysis of the extent of the trade liberalisation in this new deal. (more…)

October 29th, 2020

Posted In: UK - Non EU

Tags: , , ,

Leave a Comment

Share this article: Facebooktwitterredditpinterestlinkedinmail

22 October 2020

Dr Minako Morita-Jaeger, International Trade Policy Consultant and Fellow, UK Trade Policy Observatory at the University of Sussex.

The Japan-UK Free Trade Agreement will be signed soon, the UK’s first post-Brexit trade agreement. While the Agreement has a certain political significance, its economic impact is likely to be very small. This is because it contains very limited improvements relative to the EU-Japan Economic Partnership Agreement (EPA). While a detailed examination will only become possible once the text is put on the public domain, one of the key shortfalls in the agreement appears to be the treatment of investment. (more…)

October 22nd, 2020

Posted In: UK - Non EU

Tags: , ,

5 Comments

Share this article: Facebooktwitterredditpinterestlinkedinmail

Image of Alan Winters 15 October 2020

Max Mendez-Parra is Senior Research Fellow at the Overseas Development Institute. Ian Mitchell is a senior fellow and the director of development cooperation in Europe at the Center for Global Development.  L. Alan Winters is Founding Director and Fellow of the UKTPO.

Three years ago, the government pledged “to help improve access to UK markets for world’s poorest countries post-Brexit.” To assess that promise, we have analysed how the United Kingdom’s new Global Tariff (UKGT) affects low- and lower-middle income countries (LICs and LMICs). We found that in terms of tariffs, access will not actually improve for up to 95 LICs and LMICs, though neither will their exports be materially damaged. Still, Cameroon, Cote D’Ivoire, Ghana and Kenya are yet to roll over their trade deals and risk facing higher trade tariffs with the UK if no agreement is reached. (more…)

October 15th, 2020

Posted In: UK - Non EU

Tags: ,

Leave a Comment

Share this article: Facebooktwitterredditpinterestlinkedinmail

2 October 2020

The UKTPO held its third annual conference on Tuesday 15 and Wednesday 16 September. The conference, under the theme ‘World Trade Policy: Back to the Future?’, addressed two of the most important issues in trade policy today.

Three presentations explored aspects of the as yet unknown UK trading regime after the end of the transition period, including the impact of uncertainty, the effect of tariff reversals, and the political economy of protection, respectively. Secondly, trade in the 21st century is ever more intertwined with other areas of public policy and, this year, two sessions explored the links between trade and the environment. Lastly, the conference concluded with a Roundtable discussion on trade and economic cohesion in the UK after Brexit. (more…)

October 2nd, 2020

Posted In: UK - Non EU, UK- EU

Tags: , , ,

Leave a Comment

Next Page »