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Four Principles for the UK's Brexit Trade Negotiations
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Four Principles for the UK's Brexit Trade Negotiations

Thomas Sampson
LSE, 2016
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At the 2016 Tory Party Conference, the UK prime minister, Theresa May, announced her intention to trigger Article 50 – the formal start to the United Kingdom’s breakaway from the European Union – before the end of March 2017. Once set in motion, both parties will have just two years to reach an agreement. London School of Economics assistant professor Thomas Sampson outlines an applicable negotiation strategy to help the United Kingdom emerge from these high-pressure negotiations with a favorable, if not perfect, outcome. getAbstract recommends this analysis to economists, lawyers and readers interested in the global economy.

Take-Aways

  • As the United Kingdom begins negotiating new trade agreements with the European Union, four principles should help it make “the best of a bad hand.”
  • First, the United Kingdom must offer trading partners something of value if it wants to get something of value in return.
  • Second, determining whether the United Kingdom’s starting position is as a member of the single market is vital in its aim to achieve “post-Brexit objectives.”

About the Author

Thomas Sampson, PhD, is an assistant professor and lecturer at London School of Economics and Political Science.

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