In 2016 the United Kingdom voted to leave the European Union (EU). The three years of negotiation that ensued have thus far been about the terms of a “withdrawal agreement” which provides for a transition trade agreement. The longer-term trade arrangements between the EU and the UK are still up for negotiation.
The outcome of the UK’s exit from the European Union (EU) single market and customs union has broad implications for the UK economy and its terms of trade with the rest of the world. “Brexit Day” on March 29 next year is drawing near. Here’s a timeline of key events and milestones between 2015 and 2018 and what we should be on the lookout for in the first quarter of 2019.
The UK has opted to leave the EU. Now it must figure out a new trade architecture for itself that keeps its global commercial relationships in tact.