There is, so far as I am aware, little or no precedent for what the UK is attempting to do: seeking to reduce unfettered access to its closest and most important market – which also happens to be one of the world’s two largest. In 2018, 46% of the UK’s exports went to the EU, and 54% of UK imports came from it. Almost all countries in the world try to make trade deals, not dismantle them.
Global multilateralism has been going through its toughest period over the last year. The world has yet to get adjusted to the ‘new normal’, even as the multilateral institutions and… read more →
