Brexit's Impact on Trade
World Commerce Review 11(2), Summer 2017: 30-33
5 Pages Posted: 11 Jul 2017
Date Written: June 21, 2017
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: Suggested Citation