Daily Management Review

Future Of Post-Brexit Trade Proposals Have Hit The Lowest Success Probability


08/26/2017


With “little effort” from the U.K’s side, the trade related talks have taken back seat for the follow up discussions.



A research of Oxford Economics briefed that following the “recent events” the “likelihood” of the European Union and the United Kingdom coming to “a mutual agreement” post Brexit has “reduced” since it “appears” that Britain has “made little effort” to set ball rolling on “separation talks”.
 
The “next round of talks” is scheduled for “next week”, while the government of the U.K. has come up with many “proposals” regarding “Britain in a post-EU world” through “position papers” authorised by “prominent cabinet ministers”, whereby weakening the confidence of the “lead UK Economist” at Oxford Economics on Brexit talks’ ability on “separation and transition” to conclude successfully.
 
Furthermore, the government handling “questions surrounding transition” is another reason for the “uncertainty”. In taking the talks forward, the U.K. “accepted” the demands of EU, whereby “separation issues would be the first topic of conversation” and the future of trading will take a back seat “until sufficient progress” takes place with former topics.
 
Therefore, reported Digitallook, “Goodwin believed that any attempts to shift focus towards trade agreements would be a ‘risky strategy,’ as if no progress is made on the topic of separation then the EU could possibly look to leave the table as chief negotiator for the EU, Michael Barnier has been given a mandate from the European Council to negotiate on separation and separation only.”
 
Goodwin also ‘re-forecasted’ the success “probability of the talks”, whereby bringing it down to 60% from 70%, as according to him “no credible post-Brexit customs arrangement had been proposed”. Therefore, Goodwin thinks that “the UK will have to sit through transitional agreements before any form of future free-trade agreement was discussed”. While Digitallook added:
“The 40% chance of failure is the worst it has been this year and is just ahead of a 'no deal' scenario”.
 
 
 
References:
www.digitallook.com







Science & Technology

Is UAV drone industry falling into decay?

UK Scotland Yard employs AI to deal with frauds

US sets to fight robocalls outbreak

Top 7 green energy innovators

Volvo’s New Car Uses Blockchain For Recycled Cobalt

False Memories Can Be Created By Fake News On Social Media, Shows A Study

DEF CON Hosts Auto-Makers And Cybersecurity Enthusiasts

WHO found no danger in microplastics in drinking water

Apple starts testing Chinese OLED screens for iPhone 12

Analysts: Google Search is losing clicks

World Politics

World & Politics

Iran Blamed By US’s Pompeo For The Drone Attacks On Saudi Oil Facility

IMF: Georgieva is the only candidate to replace Lagarde

Saudi Arabia to issue tourist visas

USA introduces sanctions against Iranian space agencies

Investments continue to flow into Cape Verde and exceed expectations of Minister of Finance Olavo Correia

USA, UK to create a working group on economics

Global Fashion Companies Support Environment Protection At G7 Summit

Canada Blamed By China For Difficult Bilateral Relations