A troubled journey ahead: Theresa May’s trade bill0

• International Trade, Op-ed
• 21/03/2018

The House of Commons is currently reviewing a package of laws, introduced over the last year by Theresa May’s government, which will have a major impact on the post-Brexit future of the United Kingdom. The European Union, the Taxation and the Trade bills will implement the legal framework for exiting the European Union. Trade is one of the key issues the UK is facing – as it leaves the European Union, it will lose the benefits of over 40 trade agreements which account for almost 25% of UK’s exports outside of the EU. This law will ensure the transition out of the European common commercial policy and should minimize the impact of Brexit on UK’s economy. However, the government’s project is inherently flawed and is facing resistance as it passes through the legislative process.