scholarly journals The Trade Relations between Turkey and United Kingdom after Brexit and in the Covid-19 Epidemic

2021 ◽  
Vol 1 (1) ◽  
pp. 45-54
Keyword(s):  
United Kingdom ◽  
Foreign Trade ◽  
World Trade ◽  
Wealth Distribution ◽  
Customs Union ◽  
Economic Relations ◽  
Trade Relations ◽  
The Usa ◽  
The Uk ◽  
The Eu

In the process of globalization, where international economic relations have further increased their significance, the separation of United Kingdom from the EU (Brexit) has literally called into question the understanding of integration. It is also noteworthy that the Brexit event coincided with the trade wars between the USA and China and the beginning of the new regional unions that China has established in the Pacific. Undoubtedly, these developments will significantly affect the future of world trade. Slowing economic growth in the world economy, deterioration in income and wealth distribution, increasing indebtedness rates, falling productivity and the threat of the COVID-19 epidemic in terms of world trade volume are commonly discussed. Especially during the COVID-19 epidemic, the supply constraints, the breaks in supply chains and the problems in logistics sector, are generally seen to mark the beginning of important changes in international trade. And Brexit has taken place amid such severe conditions. Naturally, it will have consequences for almost every country. Brexit is likely to have an effect not only on the fully-fledged members of the EU, but also on countries outside the EU. The EU and the UK are important partners in Turkey’s foreign trade. Hence the question of How Brexit will affect the trade between UK and Turkey, given Turkey’s customs union agreement with the EU has lately topped Turkey’s agenda. This study aims to discuss Turkey’s foreign trade with England prior to Brexit as well as the possible developments after Brexit.

scholarly journals British-Slovak Foreign Trade Relations: Consequences of Brexit

2019 ◽  
pp. 341-353
Author(s):  
Marcel Kordos
Keyword(s):  
European Union ◽  
Foreign Trade ◽  
Policy Instruments ◽  
Current Status ◽  
The European Union ◽  
Economic Relations ◽  
Trade Relations ◽  
The Future ◽  
The Uk ◽  
The Impact

The possibility of the UK's withdrawal from the European Union has never been more realistic and up-to-date since joining the European Communities (EC) as it is today. The UK is facing a unique situation. At present, this depends solely on the capabilities of European and British government officials, who negotiate the terms of withdrawal and future cooperation between the two entities. The main goal of this paper is based on the British – Slovak trade relations development analysis to figure out their impact within the Brexit consequences on the future Slovak economy and its current status in international economic relations. The paper also provides a basic overview of Brexit process and its possible impact on the EU's further functioning. Basic data will be drawn from generally accepted institutions, evaluating the UK and Slovak trade and economic performance. To accomplish this goal, methods such as analysis and comparison to illustrate the UK-Slovak foreign trade development, synthesis and logical deduction to discuss the Brexit impact on Slovak economic environment in the future are to be used; data from scientific and professional publications, periodical and non-periodical press. The paper presents the results of an empirical analysis, which showed that because of the size of economic relations between Slovakia and the United Kingdom and the number of goods and services being exported to the UK, the «hard» Brexit will be very unfavourable for Slovak foreign trade due to the possible tariffs being imposed. The research empirically confirms and theoretically proves that it can cause a significant weakening and slowdown in the Slovak economy. Either way, the upcoming Brexit process, that is the withdrawal of Great Britain from the European Union, would have a major impact not only on British, European but also on the world economy. The impact of Brexit on Slovakia's economy will not only be in reducing the possible growth of the economy, but also in employment and price increases. Keywords: EU single market, Britain's withdrawal from the EU, foreign trade policy instruments analysis, international economics, Slovak economy slowdown prediction, Slovak foreign trade commodity structure analysis.

London’s EU-UK customs plans would be unworkable

2018 ◽  
Keyword(s):  
United Kingdom ◽  
Customs Union ◽  
Northern Irish ◽  
Content Type ◽  
The United Kingdom ◽  
Physical Infrastructure ◽  
Irish Catholics ◽  
Trade Relationship ◽  
The Uk ◽  
The Eu

Significance The UK government remains divided over how its relations with the EU’s customs union should be arranged after Brexit, while the EU is unimpressed by any of the suggestions put forward by London to date. This issue is central to both the future EU-UK trade relationship and the debate about how to resolve the question of the intra-Irish border. Impacts Any physical infrastructure on the Irish border would become a target for violence. A hard border could increase support for Irish reunification among Northern Irish Catholics. Different customs regimes in the EU and the United Kingdom could lead to smuggling.

scholarly journals INTERNATIONAL ECONOMIC RELATIONS OF UKRAINE AND THE EU

10.23856/3007 ◽  
2018 ◽  
Vol 30 (5) ◽  
pp. 76-82
Author(s):  
Kateryna Slyusarenko ◽  
Irina Maksymova ◽  
Anastasiia Beskrovna
Keyword(s):  
International Economic ◽  
European Union ◽  
Foreign Trade ◽  
The European Union ◽  
Association Agreement ◽  
Economic Relations ◽  
Eu Countries ◽  
Trade Relations ◽  
International Economic Relations ◽  
The Eu

Foreign trade relations between Ukraine and the EU are developing under the terms of the Association Agreement coming into force. The article presents both positive and negative sides. The dynamics of foreign trade between Ukraine and the EU countries is analyzed, Ukraine's export and import structure is represented, as well as the proposed priorities of the development of foreign economic relations between Ukraine and the European Union

scholarly journals GIBRALTAR AND BREXIT

2020 ◽  
Vol 4 (4) ◽  
pp. 445-454
Author(s):  
V.V. Pushkareva
Keyword(s):  
European Union ◽  
United Kingdom ◽  
Transition Period ◽  
Political Agenda ◽  
Customs Union ◽  
The European Union ◽  
Territorial Dispute ◽  
The United Kingdom ◽  
The Uk ◽  
The Eu

The withdrawal of the United Kingdom from the European Union with its overseas possessions returned to the political agenda the territorial dispute between Madrid and London over the Gibraltar semi-enclave. The opposite points of view have collided in the context of Brexit: the UK fundamentally defends its sovereignty over Gibraltar, Spain strives to regain the lost territory, the Gibraltarians want to maintain association with the Kingdom and not break with the European Union, the European Union is not eager to grant Gibraltar a special status, but at the same time is interested in maintaining a preferential financial zone in the South of the Iberian Peninsula. Separate issues of relations between the UK and Spain on the situation of Gibraltar for the transition period were agreed, they are set out in the “4 Memoranda”. The further fate of the territory depends on the UK's deal with the EU. The contracting parties guarantee that the interests of both Spain and Gibraltar are taken into account. Possible options: holding a referendum on the independence of Gibraltar; gaining control of Spain over the strategic objects of Gibraltar as a result of the deal; Gibraltar remains under the sovereignty of the United Kingdom and continues to cooperate with the EU; dual Spanish-British sovereignty will be established over Gibraltar; at the end of Brexit Gibraltar will not cooperate with the EU. But each of the proposed solutions requires certain concessions from the disputing parties. They are not ready to compromise yet. The authorities of Gibraltar, however, are aware that without cooperation with the UK, Spain and the European Union, their further successful state and development is impossible. More favorable conditions, in our opinion, for the Gibraltarians will arise with the accession to the Schengen area and the Customs Union.

The Law & Politics of Brexit: Volume II

2020 ◽  
Keyword(s):  
Decision Making ◽  
European Union ◽  
Legal Framework ◽  
Comprehensive Analysis ◽  
The European Union ◽  
Trade Relations ◽  
The United Kingdom ◽  
The Uk ◽  
Financial Settlement ◽  
The Eu

This book provides the first comprehensive analysis of the withdrawal agreement concluded between the United Kingdom and the European Union to create the legal framework for Brexit. Building on a prior volume, it overviews the process of Brexit negotiations that took place between the UK and the EU from 2017 to 2019. It also examines the key provisions of the Brexit deal, including the protection of citizens’ rights, the Irish border, and the financial settlement. Moreover, the book assesses the governance provisions on transition, decision-making and adjudication, and the prospects for future EU–UK trade relations. Finally, it reflects on the longer-term challenges that the implementation of the 2016 Brexit referendum poses for the UK territorial system, for British–Irish relations, as well as for the future of the EU beyond Brexit.

scholarly journals BREXIT IMPLICATIONS FOR AGRI-FOOD TRADE BETWEEN POLAND AND THE UK

2019 ◽  
Vol XXI (4) ◽  
pp. 589-599
Author(s):  
Aldona Zawojska
Keyword(s):  
Lower Cost ◽  
Trade Agreement ◽  
Food Products ◽  
The European Union ◽  
Trade Relations ◽  
Doing Business ◽  
Central Statistical ◽  
Central Statistical Office ◽  
The Uk ◽  
The Eu

The article is a contribution to the discussion on the anticipated consequences of the United Kingdom’s withdrawal from the European Union for Poland’s trade relations with this country, with particular emphasis on the likely impacts of a hard or no-deal Brexit on Polish exporters. Its aim is to provide readers with an understanding of how agri-food flows between Poland and the UK (especially Poland’s exports) could be affected once the UK departs the EU. The question is important considering that, in recent years, the UK has been the second biggest importer and a net importer of agricultural and food products from Poland. The study is based on trade data from the UN Comtrade Database and Poland’s Central Statistical Office, and on tariff data from the UK’s Department for International Trade. Taking into account the possible imposition of customs duties announced thus far by the British government on the import of agri-food products from third countries in the event of a no-trade agreement with the EU, the introduction of additional non-tariff barriers, as well as increased transactional (friction) costs and complexity of doing business with foreign partners, a hard Brexit would have serious implications for Poland’s fast growing agri-food exports to the UK. It would even lead to a collapse of some Polish supplies, particularly of meat and dairy commodities, to Great Britain. The loss of two-way preferences in trade now arising from participation in the EU single market will undermine the competitiveness of Polish producers on UK’s market both against British producers and lower cost exporters from outside the EU.

scholarly journals British diplomacy of money and trade

2019 ◽  
Vol 71 (2) ◽  
pp. 137-158
Author(s):  
Ognjen Pribicevic
Keyword(s):  
Foreign Policy ◽  
Decision To Leave ◽  
The Past ◽  
Gulf Countries ◽  
British Foreign Policy ◽  
The Usa ◽  
The Uk ◽  
Uk Foreign Policy ◽  
The Eu

Leaving the EU is one of the major political decisions made in the UK over the past half-century. Brexit brought about a virtual political earthquake not only in EU-UK relations but also in terms of UK future place and role on the international scene. Immediately after the decision of UK citizens to leave the EU at a referendum held on 23 June 2016, the question arose as to whether the UK will lose some of its international influence, whether Scotland will remain part of the Union, whether the UK will retain its privileged relations and special status with the USA, and what its future relations with the EU will be. The purpose of this article is to point to the basic priorities of the contemporary British foreign policy as well as to place and role of the UK on the contemporary international scene particularly in view of its decision to leave the EU. We shall first try to define the status of present-day Britain in international relations. Second, we shall address the traditional dilemma of the UK foreign policy - what should be given priority - relations with the USA, Europe or the Commonwealth? After that, we shall discuss in more detail the phases the UK foreign policy went through following the end of the cold war. In the third phase, we shall analyze the British contemporary foreign and economic policy towards Gulf countries and China. In the fourth part of the article, we shall discuss relations with the USA. It should be pointed out that the article does not seek to analyze all aspects of British foreign policy, even if we wanted to, due to a shortage of time. Of course, the topic of Brexit will be present in all chapters and especially in the last one and conclusion remarks. By its decision to leave the EU, the UK appears to have given priority to its relations with the USA, China, Gulf countries as well as Commonwealth countries instead of the EU which has been economically and politically dominant over the past few decades. This decision taken by UK citizens will no doubt have a great impact not only on their personal lives and standard of living but on the UK role in international relations. Despite its military, political, economic and cultural capacities, it is highly unlikely that the UK will manage to overcome the consequences of an exit from the single market, currently generating 18 trillion dollars on an annual basis as well as the loss of a privileged partner role with the USA within the Union. We are, therefore, more likely to believe that in the foreseeable future, the role of the UK on the international scene will continue to decline and be increasingly focused on its economic and financial interests. Project of the Serbian Ministry of Education, Science and Technological Development, Grant no. III 47010: Drustvene transformacije u procesu evropskih integracija - multidisciplinarni pristup]

scholarly journals Features of transformation of legal entities in the conditions of Brexit

2021 ◽  
pp. 531-538
Author(s):  
Olha Ovechkina
Keyword(s):  
United Kingdom ◽  
The State ◽  
Member States ◽  
Eu Member States ◽  
The United Kingdom ◽  
The Status ◽  
The Uk ◽  
Actual Location ◽  
The Eu ◽  
Legal Entities

In connection with the decision to withdraw the UK from the EU a number of companies will need to take into account that from 1 January 2021 EU law will no longer apply to the United Kingdom and will become a "third country" for EU Member States, unless the provisions of bilateral agreements or multilateral trade agreements. This means that the four European freedoms (movement of goods, services, labor and capital) will no longer apply to UK companies to the same extent as they did during the UK's EU membership. The purpose of the article is to study, first of all, the peculiarities of the influence of Great Britain's withdrawal from the European Union on the legal regulation of the status of European legal entities. Brexit results in the inability to register European companies and European economic interest groups in the UK. Such companies already registered before 01.01.2021 have the opportunity to move their place of registration to an EU Member State. These provisions are defined in Regulations 2018 (2018/1298) and Regulations 2018 (2018/1299).British companies with branches in EU Member States will now be subject to the rules applicable to third-country companies, which provide additional information on their activities. In the EU, many countries apply the criterion of actual location, which causes, among other things, the problem of non-recognition of legal entities established in the country where the criterion of incorporation is used (including the United Kingdom), at the same time as the governing bodies of such legal entities the state where the settlement criterion is applied. Therefore, to reduce the likelihood of possible non-recognition of British companies, given the location of the board of such a legal entity in the state where the residency criterion applies, it seems appropriate to consider reincarnation at the actual location of such a company. Reducing the risks of these negative consequences in connection with Brexit on cross-border activities of legal entities is possible by concluding interstate bilateral and multilateral agreements that would contain unified rules on conflict of law regulation of the status of legal entities.

scholarly journals Wpływ wyjścia Zjednoczonego Królestwa z Unii Europejskiej na wspólną politykę bezpieczeństwa i obrony UE

2018 ◽  
Vol 1 (1) ◽  
pp. 103-122 ◽  
Author(s):  
Tomasz Kubin
Keyword(s):  
European Union ◽  
United Kingdom ◽  
European Integration ◽  
Research Question ◽  
The European Union ◽  
The United Kingdom ◽  
Defence Policy ◽  
The Uk ◽  
The Eu ◽  
Common Security

The exit of the United Kingdom from the European Union (so-called Brexit) is one of the most important events in the process of European integration. It has a lot of extremely remarkable implications – both for the EU and for the United Kingdom. Among other, Brexit will affect the security of the United Kingdom and the EU. The aim of the study is to answer the research question: how will Britain’s exit from the EU influence the EU common security and defence policy? In order to answer this question, the factors that are most relevant to the United Kingdom’s significance for the EU’s security and defence policy will be identified. This will show how the EU’s potential of the security and defence policy will change, when the UK leaves this organisation. The most important conclusions are included in the summary.

Introduction

2020 ◽  
pp. 1-34
Author(s):  
Federico Fabbrini
Keyword(s):  
European Union ◽  
United Kingdom ◽  
European Parliament ◽  
The European Union ◽  
The United Kingdom ◽  
Uk Government ◽  
Article 50 ◽  
The Uk ◽  
The Eu

This introductory chapter provides an overview of the Withdrawal Agreement of the United Kingdom (UK) from the European Union (EU). The Withdrawal Agreement, adopted on the basis of Article 50 Treaty on European Union (TEU), spells out the terms and conditions of the UK departure from the EU, including ground-breaking solutions to deal with the thorniest issues which emerged in the context of the withdrawal negotiations. Admittedly, the Withdrawal Agreement is only a part of the Brexit deal. The Agreement, in fact, is accompanied by a connected political declaration, which outlines the framework of future EU–UK relations. The chapter then offers a chronological summary of the process that led to the adoption of the Withdrawal Agreement, describing the crucial stages in the Brexit process — from the negotiations to the conclusion of a draft agreement and its rejection, to the extension and the participation of the UK to European Parliament (EP) elections, to the change of UK government and the ensuing constitutional crisis, to the new negotiations with the conclusion of a revised agreement, new extension, and new UK elections eventually leading to the departure of the UK from the EU.

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