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But on the other hand, as a Canadian whose government was in the process of negotiating a trade agreement with the EU, now we'll have to draw up two separate tr
by danudey 10y ago
But on the other hand, as a Canadian whose government was in the process of negotiating a trade agreement with the EU, now we'll have to draw up two separate trade agreements, neither of which is as unbalanced in their favour as the original would have been.
That is to say, the EU without the UK has less leverage than before, and the UK without the EU has less leverage than before, so now neither the EU nor the UK has nearly as much bargaining power as they had combined.
- florianbailey 10y agoBut the EU is still the largest or second largest market in the world (depending on the source).
- pookeh 10y agoAnd probably the slowest. If you can capture 10 faster markets then the slowest gets pressure to get going. But if you only have to deal with the slowest then it becomes even slower. Welcome to capitalism.
- chongli 10y agoWhich is great for us in Canada! Another benefit is that negotiating with the UK individually rather than the EU as a whole should make it easier to get a deal done quickly. Negotiating with the EU is a disaster. Too many special interests to deal with all at once! As the old saying goes: too many chefs spoil the broth.