Latest International Trade Publications
In a major new study, Policy Exchange argues that as the UK leaves the EU, it should unilaterally abolish all tariffs. This would reduce UK consumers’ shopping bills, increase productivity and promote global prosperity. We can also disarm the threat of a ‘No Deal’ Brexit. In the Foreword, Australian High Commissioner to London Alexander Downer said: “Trade is not a zero-sum equation. In the decades ahead all major economies should remove their tariffs and open their markets to competition. As the UK once again takes its place at the WTO it should take the opportunity lead by example and remove its tariffs.”
This new Policy Exchange report, published today — written by Economic and Social Policy Research Fellow, Jonathan Dupont — recommends that the UK should double the proportion of its international aid budget spent on research and development, in order to solve the most pressing global challenges and support the Government’s Industrial Strategy. George Freeman MP, Chair of the Conservative Policy Forum, has written a Foreword for the report.
In a flagship new report for Policy Exchange, former senior Irish Ambassador Ray Bassett argues that a failure to reach a benign compromise between the EU and the UK in Brexit negotiations risks seriously damaging the Irish economy. So far, the Irish Government has sided firmly with the EU27, but Bassett believes this may be a mistake given how intimately the Irish and British economies are connected. In the event of the UK leaving the Customs Union and the Single Market, Ireland may be forced to follow suit, potentially even seeking its own “Irexit”.
Latest International Trade Blogs
Last week, Chuka Umunna spoke to Chatham House in a much-needed intervention on the state of British foreign policy.
In recent years, the British foreign policy debate has not kept up with the pace of global political and economic change. For that reason alone, there was much to commend in Umunna’s sense of urgency. To adapt to the challenges of the twenty-first century, as he put it, “we need to look ahead and develop a proper national strategy on the basis of a clear understanding of what our interests are”.
In a piece first published by ConservativeHome, Geoff Raby, Policy Exchange’s Head of Trade Policy, contends that while ‘undoubtedly the UK and USA will be able to negotiate a post-Brexit high-quality FTA’, many ‘major unknowns’ remain as yet unresolved.
Geoff Raby — Policy Exchange’s Head of Trade Policy — and Andrew Stoler contend that ‘the reality is that the UK has many realistic options outside the Single Market, and both the UK and EU have much to gain from negotiating a sensible agreement on services’
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