Post-Brexit Britain: Its Relations with the EU and Its Future in the Framework of Multilateral Institutions
Russian Economic Developments. Moscow. 2016, No 7, pp. 59-63
5 Pages Posted: 29 Jul 2016
Date Written: July 28, 2016
In the next two years, the UK will be faced with a complicated geopolitical situation. The relations with its two key partners – the EU and the USA – will be changed. The USA, when dealing with European issues, will begin to rely on Germany rather than on the UK. It will be necessary to negtiate with the EU a new relationship model that will envisage that the UK should not participate in the decision-making process inside the European Union, and should have no internal inﬂuence there. Simultaneously, there will be a need for negotiations on new trade agreements with a number of countries that are not EU member states, because the UK, once it has withdrawn from the US, will automatically ﬁ nd itself outside of the international trade agreements concluded on behalf of the EU, including those in the framework of the WTO.
Keywords: Russian economy
JEL Classification: E31, E43, E51
Suggested Citation: Suggested Citation