ANALYSE THE BENEFITS AND DANGERS OF FOSTERING A BILATERAL TRADE AGREEMENT WITH THE UK

5 PAGES (2022 WORDS) Economics Article/Essay

Introduction

TheUKisanimportanttradepartnerformanycountriesthatseektoboost theireconomiesthroughtradeandinvestment.TheUK’sproximitytotheEU makesitanaturalchoiceformanycountriesseekingtostrengthenEuropean ties.However,somechallengesmustbeconsideredifacountryisconsidering enteringabilateraltradeagreementwiththeUK.Firstofall,theUK’seconomic performancehasbeenlacklusterinrecentyears.Thismeanstheymaybeless

incentivetoagreewithyou,especiallyiftheywantyourcountrytojointheir free-tradezone.Second,theUKhasrecentlybeenpushingbackagainstEU regulationsandpolicies.Thiscouldmeantheywillnotbeveryreceptiveto yoursuggestionsorproposalsfornewpoliciesandregulationstoimproveyour relationshipfurtherdowntheline(Yu,2017)