Trade Knowledge Exchange > Thematic Issues > Trade and Development

Trade and Development

Both the EU and the UK are significant actors in the trade and development arena. Changes to the relationship between the two can have significant spillover effects on developing country partners, who may not necessarily have a voice in the process.

The EU is a major export market for developing countries. It accounts for around 20% of all exports from low and middle income countries, a quarter of exports from both Sub-Saharan Africa and Low and Middle-Income South Asian countries, and close to 30 percent of exports from least developed countries. The UK, by virtue of its size and historical links to these regions, is a significant destination within the EU, accounting for between a fifth and a sixth of all exports to the EU from these regions. For some countries, such as Sri Lanka for example, the share can be a lot higher – between 30-40%.

The changing architecture for trade between the UK and the EU could affect these regions in several ways. Whereas exporters from these regions could previously access supply chains that operated seamlessly between the UK and the EU, that may well no longer be the case.

It is unclear as to how the UK will structure its future system of preferential tariffs, and how this relates to proposals – post Brexit – for unilateral liberalisation or an ambitious program of free trade areas.

On a longer term basis, the UK has been an important liberalising voice within the EU, on trade policy in general, and in relation to developing countries specifically. It was one of the driving forces behind the Everything But Arms initiative through which the EU gives tariff and quota free access to all products from LDCs. The future direction of EU trade policy, absent the UK, remains to be seen.

The articles in this section provide and overview of the many linkages that exist between Brexit and the trade/ development nexus. We hope they will help to keep these issues on the policy radar screen at a time when the intricacies of the exit talks, and talks on future arrangements understandably mobilise resources and energy.

Development Trade, Trade not Aid, International global value chains, Trade knowledge, trade knowedge exchange, trade compliance, trade tools, barriers to international trade, effects of tariffs, brexit trade, brexit trade deals, post brexit trade deals, post-brexit trade deals, brexit trade, brexit trade deals, trade after brexit, brexit trade agreements, brexit analysis, trade analysis,

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Commentary

Trade, War and Trade Wars

Donald Trump’s decision to repudiate the Joint Comprehensive Plan of Action agreed with Iran has not only precipitated a security crisis, it will also further ratchet up tensions in world trade. Trade is a fundamental part of the deal, for Iran, but also the European Union. In just two years, EU exports to Iran increased […]

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Commentary

Making Trade and Development a Priority for the Commonwealth

Development Trade, Trade not Aid, International global value chains, Trade knowledge, trade knowedge exchange, trade compliance, trade tools, barriers to international trade, effects of tariffs, brexit trade, brexit trade deals, post brexit trade deals, post-brexit trade deals, brexit trade, brexit trade deals, trade after brexit, brexit trade agreements, brexit analysis, trade analysis,

The Commonwealth Heads of Government Meeting (CHOGM 2015) in Malta on November 27-29 provides a unique opportunity for the new Liberal government to launch a comprehensive trade and development strategy as a defining feature in its commitment to re-engage in the world. Canada has proportionally more trade and development linkages with Commonwealth countries than any […]

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Commentary

Canada’s Progressive Trade Agenda Starts in Africa

Authors: David Luke & Phil Rourke.   The arrival of President-elect Donald Trump threw the Liberal Government’s trade strategy off balance. The recent reshuffling of Cabinet and the now laser-like focus on the United States, Canada’s most important commercial relationship, confirmed the need for a reboot. The first casualty of the change in strategy is […]

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Commentary

Saana Consulting Interview Series #2: Mr Don Stephenson

Photo from: https://carleton.ca/india/people/don-stephenson/

Saana Consulting’s interview series for the TKE offers readers unique, insider-perspectives from top trade negotiators from around the world and sheds light on some of the most pressing questions relating to the UK’s future trade and investment strategy. In this series, our experts share insights and lessons for the UK as it seeks to build the capability to navigate […]

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