11 March 2022
Michael Gasiorek is Director of the UK Trade Policy Observatory and Professor of Economics at the University of Sussex Business School
President Biden announced today that the US, the EU, and the G7 countries (which includes the UK) will be suspending Russia’s Most Favoured Nation (MFN) status at the World Trade Organization (WTO). In this blog we look at what this actually means for the UK and what the potential trade implications are for the UK. (more…)
Cosmo Rana-Iozzi March 11th, 2022
Posted In: UK - Non EU
27 January 2022
Michael Gasiorek is Professor of Economics and Director of the UK Trade Policy Observatory at the University of Sussex and Guillermo Larbalestier is Research Assistant in International Trade at the University of Sussex and Fellow of the UKTPO.
The crisis between Ukraine and Russia is deeply concerning – for the people of Ukraine, but also in terms of broader ramifications for world order and stability. NATO’s strategy to avoid direct military action against Russia points at diplomacy and economic sanctions. It is therefore useful to consider the possible role of these in the realm of international trade.
As we show below, Russian trade is highly dependent on the EU and NATO member states. Hence, the scope for the use of such policy is there. This is not an argument, however, for so doing – as that involves complex political trade-offs (which are beyond the scope of this blog). The importance of Russia as a supplier in particular sectors, notably energy, and hence the dependence of the EU and NATO member states on Russia is also a factor in those trade-offs.
Charlotte Humma January 27th, 2022
Posted In: Uncategorised
Erika Szyszczak is a Professor of Law at the University of Sussex, Barrister and ADR Mediator at Littleton Chambers, Temple and a Fellow of the UKTPO.
EU trade policy has been cast into shadow by the sharp focus on how the UK will conduct its future trade policy. But it will be in the interests of the EU and the UK to negotiate their future trading relationship as quickly and smoothly as possible. An issue for the EU will be the question of whether it will have exclusive competence to negotiate and ratify a trade deal with the UK. Or will it be forced to acknowledge that any future agreement will be a mixed agreement requiring, and risking, ratification by all 27 Member States?
Two events at the end of 2016 have shed light on the legal and political issues facing the EU in negotiating a post-Brexit world. (more…)
Katherine Davies January 13th, 2017
Posted In: UK- EU