Brexit's Impact on Trade

World Commerce Review 11(2), Summer 2017: 30-33

5 Pages Posted: 11 Jul 2017  

Dan Ciuriak

Ciuriak Consulting Inc.; C.D. Howe Institute; Centre for International Governance Innovation (CIGI); BKP Development Research & Consulting GmbH; Asia Pacific Foundation of Canada

Date Written: June 21, 2017

Abstract

This note discusses the scale of the risks to bilateral UK-EU trade under alternative scenarios for the UK leaving the Union, including a hard Brexit, a soft EFTA-like Brefta, and the scope for the foregone UK-EU trade to be made up through alternative agreements. It comments on the risks to cross-Channel value chains, and the implications for cumulative welfare losses of the dynamic path to an eventual new equilibrium.

Keywords: Brexit, EU, trade

JEL Classification: F13

Suggested Citation

Ciuriak, Dan, Brexit's Impact on Trade (June 21, 2017). World Commerce Review 11(2), Summer 2017: 30-33. Available at SSRN: https://ssrn.com/abstract=2997474

Dan Ciuriak (Contact Author)

Ciuriak Consulting Inc. ( email )

83 Stewart St.
Ottawa, Ontario K1N 6H9
Canada

C.D. Howe Institute ( email )

67 Yonge St., Suite 300
Toronto, Ontario M5E 1J8
Canada

Centre for International Governance Innovation (CIGI) ( email )

57 Erb Street West
Waterloo, Ontario N2L 6C2
Canada

BKP Development Research & Consulting GmbH ( email )

Romanstrasse 74
M√ľnchen, 80639
Germany

Asia Pacific Foundation of Canada ( email )

Canada

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