The UK in a changing Europe blog:
Post-Brexit UK trade policy: still just a wish list
9 November 2017
Article by Nikhil Datta and Swati Dhingra
It’s no secret that the UK is deeply integrated into the European Union. About half of its trade and investment is with the EU and, as a member of the single market, the UK implements similar standards for products and services as the EU. Furthermore, as a member of the customs union, the UK operates a common external tariff, and goods and services can move seamlessly with no customs or compliance checks. How the UK exits the EU will therefore have profound impacts on trade, investment and economic growth in the UK.