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12 September 2022

Michael Gasiorek is Director of the UK Trade Policy Observatory and 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…)

September 12th, 2022

Posted In: UK - Non EU, UK- EU, Uncategorised

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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…)

March 4th, 2022

Posted In: UK - Non EU

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Image of Alan Winters8 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.

Key Findings:

  • To date, the UK government has signed no new trade agreements relative to what it would have had as a continuing member of the EU.
  • The Government estimates that the two agreements in principle announced this year (Australia and New Zealand) will increase UK Gross Domestic Product by between £200 and £500 million annually – that is, 0.01% to 0.02% (one to two ten-thousandths) of GDP or between £3 and £7 per head of population – and that only after they have bedded down over 15 years or so .

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…)

November 8th, 2021

Posted In: UK - Non EU, UK- EU

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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…)

June 16th, 2021

Posted In: UK - Non EU

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12 September 2016Michael Gasiorek

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…)

September 12th, 2016

Posted In: UK - Non EU

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