By using this site, you agree to our Privacy Policy and our Terms of Use. Close

Politics Discussion - Brexit - View Post

NightlyPoe said:
Bofferbrauer2 said:

Because compared to such economic blocks like the EU, the UK alone is insignificant in that regard these days.

In fact, the whole world is uniting into such economic blocks: The EU, the EAEU (Eurasian Economic Union around Russia), AESAN (South-east Asia), BBIN (Buthan, Bangladesh, India and Nepal), The Caribbean Community, the African Union (still working on the free trade between all member states, though, and containing 4 independent trade blocks), Mercosur (South America)...

In other terms, yes, the UK is one of the largest economies by itself. But the others are, bounded together, stronger economically than the UK is and ever could be on it's own - and thus could very well dictate the terms of a future trade partnership instead of the other way around.

Also, while the UK is a large economy, that doesn't necessarily mean that other countries have much to gain from a trade deal in the first place. But that very much depends on what the countries are trading with already, so I'll leave that open for now.

That doesn't answer the question.  All you've established is that there are other big fish.  Why wouldn't anyone want to trade with the UK?

That depends on what the UK has to sell them, if they need that and if they can get it from another source cheaper or better.

There ain't very much anymore that the UK has to offer for other countries, so chances are they won't be too interested into trading. And if they do, then rather on their terms than on the UK's terms.