Smith, F (2019) Brexit as Trade Governance. Journal of World Investment and Trade, 20 (5). pp. 654-679. ISSN 1660-7112
Abstract
Following the 2016 referendum on its continued membership of the European Union (EU), the United Kingdom (UK) is now withdrawing from, and negotiating a new relationship with, the EU. Both the UK’s exit and future relationship with the EU must conform to World Trade Organization (WTO) rules. The WTO’s rules are only partial and were not designed to facilitate a state’s withdrawal from a regional trade agreement, the contraction of an area of liberalized trade, nor the (re)emergence of ‘protectionist’ trade barriers. The EU and UK must transcend this problem by creating legally binding rules in an otherwise vacant legal space. Yet Brexit is a shock to the WTO’s rules and ethos: diplomatic negotiation is augmenting and replacing regulation in ways that affect the WTO, and the bilateral and multilateral agreements to which the EU and UK are both parties. This shock is a fundamental change to the prevailing trade orthodoxy.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | This is protected by copyright. This is an author produced version of an article published in The Journal of World Investment & Trade. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | agriculture; Brexit; EU-United Kingdom relations; international trade; neoliberalism; trade; World Trade Organization (WTO) |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Education, Social Sciences and Law (Leeds) > School of Law (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 21 Aug 2019 10:47 |
Last Modified: | 08 Nov 2019 09:54 |
Published Version: | https://brill.com/view/journals/jwit/jwit-overview... |
Status: | Published |
Publisher: | Brill Academic Publishers |
Identification Number: | 10.1163/22119000-12340151 |
Related URLs: | |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:149911 |
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