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Pascal Lamy, who was director general of the WTO, between 2005 and 2013, said there was a stark choice for the UK between 'minor' and 'great' trade relations with the country’s largest trading partner.
Despite downbeat warnings of divergent positions, the EU and UK will intensify efforts to make progress in talks in the week commencing July 20, 2020. Also, alarm bells sounded over potential WTO rule breaches in the UK & Finance Minister Paschal Donohoe takes the top Eurogroup job.
International trade secretary tells PM and chancellor plans risk smuggling and damage to UK reputation.
The UK government will ultimately back away from a no-deal Brexit because trading on World Trade Organisation rules with Europe would be simply too damaging for UK business after the Covid crisis, Peter Mandelson has predicted.
New Zealand now stands between the United Kingdom and its hopes of entering the Comprehensive and Progressive Trans Pacific Partnership Trade Agreement (CPTPP).
'It is hard to predict how full Brexit would play out, because this scale of multiple simultaneous renegotiations of global trade agreements is unprecedented – and no country has ever left the EU. It certainly can’t be assumed that Britain is bound to get quick and good deals because it is a large economy.'
A NO-DEAL Brexit risks extra trouble for the UK during an oncoming recession that could be as deep as the Great Depression, the head of the World Trade Organisation (WTO) has said.
The world moved a step closer to a free-for-all in international trade as Robert Azevedo, World Trade Organisation (WTO) director general, announces he plans to quit with over a year to go on his four-year contract.
Even before the coronavirus, the organization was hurtling toward the irrelevance that doomed its predecessors.
It may soon be open season on the NHS for private US healthcare companies, writes Professor Harry Burns.
Leaving the EU confronts my former colleagues with a greater challenge than Whitehall has faced for generations.
Country’s claim that meat exports are suffering wins support from 14 countries.
Trade experts have poured cold water on the idea that Britain could invoke an obscure clause in the international trade rules if it leaves the European Union without an agreement, but they say the claim keeps resurfacing to justify a no-deal Brexit.
No deal Brexit is not the end. It’s only the beginning. To the no-deal Brexiters who say, ‘I just want to leave” or “leave means leave”: you do realise that we will be trying to get a new deals the minute we leave, don’t you?
Government breaks its promise on no customs checks in the island of Ireland / Is Johnson throwing Ireland under the Boris Bus (again)? / Priti Patel decides that Britain is not a country but a Russell Group university. / What really makes Dominic Cummings tick? / Chris Southworth of the International Chamber of Commerce gives us the latest on those amazing WTO terms
Industry body says tariffs put jobs at risk but shares in European drinks makers rise.
The foreign secretary is asked why the UK would want to rely on organisation with ‘inherent flaws’ that ‘even its leader recognises is struggling with legitimacy’.
Theresa May's Brexit deal has been defeated by MPs and the UK is creeping closer to leaving the EU without a deal. But how does a no-deal Brexit actually affect you?
This week: Why Dominic Cummings is putting out information chaff to create the impression of activity. Which good Remainy cause are YOU going to donate your shiny Brexit 50p to? Would Paddington Bear be rejected for Settled Status? Why are the Brexiters placing their faith in the WTO and Trump just as Trump is trying to neuter the WTO itself?
After Trump security adviser John Bolton’s visit it’s clear the price of US backing will be paid both in trade and foreign policy.
Plus: the director general contradicts claims that “Gatt 24” would kick in to help. / “If there is no agreement, then Article XXIV would not apply, and the standard WTO terms would,” said Azevêdo.
Tory leadership hopeful is wrong to suggest UK could have tariff-free trade with the EU following a no-deal Brexit, says international body’s chief.