Brexit and the Future UK-EU Trade Relationship. Confronting the Challenges

Abstract

Since the EU referendum took place in June 2016, the British government’s task to implementing the vote to leave the EU has been monumental. With regard to the future trade relationship with the EU27, the British government has proposed a ‘bold and ambitious’ free trade agreement aimed at the ‘freest and most frictionless trade possible’. The complexity of achieving such an agreement within the limited timeframe available has generated lot of controversy, uncertainty and anxiety. The aim of the paper is to bring some clarity with regard to the challenges ahead. A proper appreciation of these challenges is key in order for a transparent, inclusive and realistic debate about the objectives, features and timeframe of the future UK-EU trade agreement.