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.

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.

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.

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.

What are the Brexit proposals put forward - and why will they probably be rejected?

Leaving the European Union would cost British consumers 9 billion pounds ($13.2 billion) in annual additional import tariffs, World Trade Organization chief Roberto Azevedo said in an interview published by the Financial Times on Wednesday.