Finance & Trade

Frost Sees Large Role for UK Trade Secretary

July 28, 2016

David Frost writes in The Telegraph that, while newly appointed UK Secretary for International Trade Liam Fox has no formal authority yet to negotiate trade deals outside the EU, he will have an outsize role in the coming years in building the international trade department and launching informal talks on post-Brexit free trade deals with countries around the world.
EU Official: Bonus Cap Burdens Small Firms

July 28, 2016

European Justice Commissioner Vera Jourova has asserted that EU rules limiting the bonuses granted to bankers are working to reduce risks in the EU financial sector, but warned that the rules are at times disproportionate and can be "burdensome" to small lenders.
Ruparel Offers Post-Brexit UK Trade Priorities

July 27, 2016

Raoul Ruparel of Open Europe has published a proposed roadmap for British free trade deals as the country negotiates its exit from the EU, calling on the UK government to consider securing free trade deals with the EU and with countries that currently have trade agreements with the EU its top priorities.
Kerry: Informal UK-US Trade Talks Are Possible

July 22, 2016

At a press conference, while tamping down expectations of formal trade talks between the US and UK before the completion of Britain's exit from the EU, US Secretary of State John Kerry said the countries "can begin to pencil things in" on such a deal prior to Brexit.
Australia Seeks Post-Brexit UK Trade Deal

July 20, 2016

The BBC reports that, as the British Government investigates opportunities to create "about a dozen free trade deals" following the country's exit from the EU, Australian Prime Minister Malcolm Turnbull recently announced to new UK Prime Minister Theresa May his interest in such a deal.
CETA Hurdles Show EU Protectionism

July 20, 2016

An article in The Economist discusses how the European Commission's decision to require the approval of national and regional parliaments to bring into force the Comprehensive Economic and Trade Agreement with Canada demonstrates growing trade protectionism within the EU and signals danger for future, more controversial trade agreements with the bloc.
Pro-Brexit Economists Call for Tariff Removal

July 20, 2016

A group of economists in favor of the UK's vote to leave the EU have called for the UK to take advantage of its departure from the bloc to spur economic growth by unilaterally dismantling all of its international trade barriers.
Article Proposes Brexit Negotiation Strategy

July 18, 2016

Following the earlier-than-expected transition of the position of UK Prime Minister to Theresa May, Juliet Samuel of The Telegraph sets out a strategy for the British leader to initiate informal talks on subjects such as security and justice with EU leaders prior to triggering the formal procedure for leaving the EU.
UK Initiates Post-EU Bilateral Trade Talks

July 18, 2016

In the aftermath of the UK vote to leave the EU, British officials have announced that they are launching preliminary talks with India for a bilateral trade deal and that they will likely target the US, China, Japan, and South Korea in upcoming trade discussions.
EU: National Parliaments Must Approve Canada Deal

July 12, 2016

Sending a warning sign for negotiations of future EU trade deals, including with the US, Politico reports that the European Commission is now requiring that nearly 40 national and regional legislative assemblies across the EU ratify the EU-Canada trade agreement before the deal can come into force.