Brexit without EU trade deal 'not end of world'
WTO
London - Egypt Today
The head of the World Trade Organization (WTO) said Sunday it would not be "the end of the world" if Britain failed to reach a post-Brexit trade deal with the EU, but there would be costs.
Roberto Azevedo told the Sunday Telegraph newspaper that although Britain would be better off with an agreement, the impact of falling back on WTO rules would be "manageable".
"About half of the UK's trade is already on WTO terms -- with the US, China and several large emerging nations where the EU doesn't have trade agreements," he said.
"So it's not the end of the world if the UK trades under WTO rules with the EU."
Britain intends to leave the EU's single market and customs union when it withdraws from the bloc in March 2019, but hopes to reach a free trade agreement (FTA) with Brussels before then.
GMT 13:59 2018 Wednesday ,24 October
Key accused in fake accounts case heldGMT 15:11 2018 Friday ,19 October
Oil dividend could turn Libya into North Africa’s NorwayGMT 11:09 2018 Friday ,28 September
'No deal' Brexit would force many UK firms into EU shiftGMT 14:12 2017 Tuesday ,19 December
European stock markets steady after strong gainsGMT 11:24 2017 Friday ,15 December
May accepts EU plan to postpone trade talks until MarchRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 09:47 2019 Monday ,19 August
Live a tense atmosphere in your career
GMT 09:46 2017 Tuesday ,25 April
Nancy Ajram fans give her flower
GMT 09:58 2019 Monday ,19 August
You find yourself facing new professional
GMT 21:27 2017 Saturday ,22 April
Qatar and Russia Back Independent Investigation in Syria's Chemical Attack
GMT 14:43 2017 Tuesday ,08 August
366 Egyptians back home from Libya via Salloum crossing
GMT 21:14 2017 Monday ,29 May
Algerian parliamentarian pledges
GMT 12:11 2018 Friday ,09 November
Conjoined Bhutanese twins separated by surgeons in Australia
GMT 13:02 2018 Tuesday ,30 October
Greenhouse facility for self-sufficient food production opens in Al Ain
GMT 16:34 2017 Sunday ,12 March
Respect for women is an inherent value in UAE society and cultureGMT 10:47 2012 Sunday ,21 October
Target killings last week leave 55 dead in Pakistan\'s Karachi
GMT 23:09 2016 Wednesday ,08 June
Iran goalkeeper banned over 'SpongeBob trousers'GMT 17:29 2011 Saturday ,30 July
Arab regimes\' fears focus on Ramadan
GMT 08:28 2017 Monday ,09 October
Why the 'last of the Bulgarians' are all optimists
GMT 12:47 2016 Saturday ,09 July
Will challenge Corbyn for UK Labour leadership
GMT 08:00 2018 Wednesday ,24 October
Russia fund boss sees no drop in foreign investment to Saudi ArabiaGMT 17:16 2013 Sunday ,17 March
70 years on, Greek survivor recalls \'red sky over Birkenau\'
GMT 17:00 2016 Wednesday ,16 November
'Uphold climate pact', companies urge TrumpGMT 04:57 2011 Monday ,08 August
Venus Williams pulls out of Toronto WTA
GMT 10:50 2017 Wednesday ,14 June
London fire live updates: Blaze engulfs apartment blockGMT 03:13 2012 Sunday ,29 April
Henry suffers injury
GMT 13:40 2016 Monday ,14 November
200 films later, Jackie Chan ‘finally’ wins Oscar
GMT 15:51 2014 Friday ,07 November
twofour54 creative lab launches first comic book
GMT 03:58 2017 Saturday ,08 April
Indian businessman paves way for 10 youths to escape the gallowsGMT 07:24 2011 Monday ,05 September
UN leader downbeat on short-term climate progress
GMT 17:44 2017 Tuesday ,13 June
Embattled Uber CEO Kalanick to take leave of absence
GMT 01:19 2015 Thursday ,26 March
Qatar's emir meets Vice President of IndiaGMT 21:51 2011 Saturday ,14 May
Al-Fayed invested $4 million in diana movie
GMT 11:48 2017 Thursday ,12 October
UK's Davis urges EU leaders to 'take step forward'
GMT 15:56 2018 Sunday ,07 January
From obscurity to superstar status, Coutinho's rise
GMT 08:02 2017 Sunday ,26 November
Iraqi forces liberated 45 villages from grip of ISISGMT 14:58 2012 Friday ,23 November
Financial Times Deutschland folds as losses mount
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor