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

Authors: Exam Global | Social & Management Sciences Economics Research 5 pages 2,022 words

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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)

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