UK Preferential International Trade after 23 June 2016

Abstract

Now the situation is changing as the UK has voted to come out of the EU on the 23 June 2016. So how is this going to affect the UK importers? UK Importers are concerned if trade agreements and preference agreements can be renegotiated and how long will it take to for this process to be completed. The impact could be a large rise in cost of manufacture and retail goods which may have to be passed onto the end consumer. Research has been undertaken reviewing interviewing 9 leading UK importers, UK government white papers and the UK House of Lords papers to establish the possibilities the UK are currently considering in relation to how it is going to negotiate its trade policy with the EU in relation to after it leave the EU, in particular Non-EU trade.