Bruegel Event Recordings

Brexit presents the world trading system with novel issues, since the UK is likely to leave the EU customs union and the WTO regime has no provision regarding the break-up of customs unions. Imaginative solutions can of course be advanced, but the EU, the UK (and their WTO partners) should be aware that they are entering unchartered territory. The situation seems clearer with respect to the options available to the EU and the UK to redesign their bilateral trade relations post-Brexit.