12 September 2022
Michael Gasiorek is Director of the UK Trade Policy Observatory and Co-Director of the Centre for Inclusive Trade Policy. He is Professor of Economics at the University of Sussex Business School.
Once again, the UK has a new Prime Minister, a new cabinet, and thus a new Secretary of State for International Trade. This is the 4th Secretary of State for trade in five years! (more…)
Cosmo Rana-Iozzi September 12th, 2022
Posted In: UK - Non EU, UK- EU, Uncategorised
Tags: agriculture, Australia, Brexit, China, Climate policy, Conservatives, CPTPP, digital trade, Free Trade Agreement, new zealand, Services, supply chains, trade, Trade agreements, Trade and Cooperation Agreement, trade negotiations, trade policy, World Trade Organization
4 March 2022
Minako Morita-Jaeger is Policy Research Fellow at the UK Trade Policy Observatory
Senior Research Fellow in International Trade in the Department of Economics, University of Sussex
The UK signed a bilateral FTA with Australia on 17th December 2021. The Agreement is currently under UK parliamentary scrutiny for a three-month period until the middle of March. This is the first FTA the UK has negotiated with a trade partner ‘from scratch’. The Agreement is potentially an important benchmark for future trade negotiations, notably the ongoing application by the UK for accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). (more…)
Cosmo Rana-Iozzi March 4th, 2022
Posted In: UK - Non EU
Tags: Australia, Free Trade Agreement, FTA
8 November 2021
L. Alan Winters is Professor of Economics and Founding Director of the UKTP0 and Guillermo Larbalestier is Research Assistant in International Trade at the University of Sussex and Fellow of the UKTPO.
We were asked to sum up the economic benefits of the UK’s new post-Brexit trade agreements. Our first observation is that if we take as a starting point the trade agreements that the UK would have been party to as a member of the EU, the government has, to date, signed no new trade agreements! (more…)
Charlotte Humma November 8th, 2021
Posted In: UK - Non EU, UK- EU
Tags: Australia, Brexit, Economic benefit, Free Trade Agreement, GDP, new zealand, Trade agreements
16 June 2021
Michael Gasiorek is Professor of Economics and Director of the UK Trade Policy Observatory at the University of Sussex. Guillermo Larbalestier is Research Assistant in International Trade at the University of Sussex and Fellow of the UKTPO.
Indications of a trade deal between the UK and Australia first surfaced soon after the Brexit referendum. This week it was announced that the two nations had agreed on the broad terms of the deal. The news was accompanied by images of PM Boris Johnson and his Australian counterpart, Scott Morrison, bumping elbows (the new handshake, if you will) and exchanging chocolate bars over baskets of British and Australian products.
The deal has significance for several reasons. First, it is the first trade deal outside the EU that was designed from scratch. So far, UK trade agreements with other non-EU countries have been “continuity agreements” that were almost entirely based on pre-existing deals between the EU and the other nations (we include UK-Japan as de facto in this category). Secondly, it signifies the UK’s continued commitment to liberalising and opening trade, particularly with those countries with shared values, as part of its post-Brexit and Global Britain campaign. (more…)
George Meredith June 16th, 2021
Posted In: UK - Non EU
Tags: Australia, Free Trade Agreement
12 September 2016
Michael Gasiorek is a Senior Lecturer in Economics, in the School of Business, Management and Economics and a member of UKTPO. He is also Managing Director of InterAnalysis, a University spin-out company focusing on trade policy.
There has been talk in the past week about a future free trade agreement (FTA) between the UK and Australia – and indeed Australia expressed interest in such an FTA soon after the Brexit referendum. For the UK government this seems to be an affirmation of the future possibilities for the UK, as and when it assumes full responsibility for trade policy post Brexit. In reality, our trade with Australia is relatively small and so the real value may be in the opportunity for the UK’s fledgling trade negotiators to get round the table with friendly faces and hammer out a low-stakes trade deal. (more…)
Charlotte Humma September 12th, 2016
Posted In: UK - Non EU
