By Peter Ungphakorn
POSTED MARCH 20, 2017 | UPDATED MARCH 23, 2017
According to Politico on March 19, 2017, the UK and EU are preparing a 10-year interim duty-free trade arrangement based on WTO rules, and this is a “Plan B” in case the two sides cannot agree on a free trade agreement before the UK leaves the EU, presumably by March 28, 2019.
Before I continue, I want to make clear that I have not talked to any officials of the kind Politico cites, and therefore have not heard any explanation from them. But I have read the WTO articles cited and I believe there is a confusion about what this means.
The confusion is about two different “interim” situations. Continue reading “The case of the two UK-EU ‘interim’ deals — is the one in the WTO really ‘Plan B’?”