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Subject
UK post-Brexit trade with ASEAN.
Significance
The UK government is retooling trade policy ahead of the United Kingdom's departure from the EU in March 2019 after which it will regain its ability to negotiate trade deals. In April, UK international trade secretary Liam Fox confirmed that this would include seeking free trade agreements (FTAs) with ASEAN and its member states.
Impacts
ASEAN infrastructure and regulatory imbalances will stifle efficient trade growth in the medium term.
Effective implementation of trade deals will require the United Kingdom to settle its post-Brexit WTO arrangements quickly.
The May 16 ECJ ruling could make it easier for the European Commission to agree FTAs without portfolio investment provisions.
Keywords:
ASEAN,
United Kingdom,
AP,
EUR,
Australia,
Belgium,
Brunei,
Cambodia,
China,
EU,
India,
Indonesia,
Japan,
Laos,
Malaysia,
Myanmar,
New Zealand,
Philippines,
Singapore,
South Korea,
South-east Asia,
Thailand,
Vietnam,
ASEAN/UK,
international relations,
foreign investment,
foreign policy,
foreign trade,
infrastructure,
regulation,
services,
economy,
industry,
aerospace,
aid,
education,
energy,
finance,
food,
human rights,
insurance,
manufacturing,
retail
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2017
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