European Union will have to inform the World trade Organization that United Kingdom is not part of EU

anymore since they have chosen to leave EU. it is still decided whether EU’s WTO tariff schedule can be
automatically assumed as its own by UK, simply by informing WTO once UK have decided to leave off to
be a EU member state that UK will be an independent member.

Specialized changes are required such as converting British pounds the EU tariffs expressed in
euros. EU schedules have to be amended and renegotiated by which a new member states adopted to
EU common tariff resulting in advantages to other WTO members. Agreements establishing WTO and
other agreements interconnected with WTO have been also concluded by individual members. Thus,
there is no need of admission of UK as an existing member of an international organization. Therefore,
UK remains and still a member of WTO, by which UK’s currently schedule remains its schedule so that
also of EU’s schedule.

REFERENCE:
Fabbrini, F. (2017). The Law & Politics of Brexit. Retrieved from:
https://global.oup.com/academic/product/the-law-and-politics-of-brexit-
9780198810438?cc=ph&lang=en&
“The WTO Director-General, Roberto Azevêdo, confirmed that the UK would continue being a WTO
Member after Brexit, but that there will need to be trade negotiations.” UK will need to renegotiate its
own terms of WTO Membership with the other (currently)
164 WTO Members. Uk will be directed by WTO members and non-WTO member and denoting trade
barriers to British goods and services. In relation to trade and economic aspects related to WTO
agreements UK need to describe these in a memorandum then it will be submitted to other WTO
members. And after assessing the memorandum, UK and WTO members will be discussing tariff rates
and specific market access commitments, and other policies
on trade in goods and services. The WTO Ministerial Conference will need to vote
the texts by two-thirds majority. In case of a positive result, the British Parliament would need to ratify
the texts adopted at the WTO

Tobias Dolle, David Leys, 'The Trade and Customs Law Consequences of Brexit'
(2017) 12 Global Trade and Customs Journal, Issue 3, pp. 117–124

The United Kingdom (estimated 2017 GDP of $2.6 trillion) is a major international trading power, with
the fifth-largest economy in the world according to the World Bank Group, the second-largest economy
in the European Union. With few trade barriers, the United Kingdom serves as the entry market into the
European Union for more than 43,000 U.S. exporters.

Aerospace Products, Agricultural Products, Cyber Security, Medical Equipment, New Build Civil
Nuclear, certain consumer goods (such as Pet Products), Smart Grids, Sustainable Construction, and
Travel & Tourism are some of the major products exported bt the United States.

The U.S.-UK investment relationship is the largest in the world, with cumulative bilateral stock in direct
investment valued at more than $1.2 trillion in 2016. More than two million jobs, approximately one
million in each country, have been created over the years as a result of this investment. A major
international financial, media, and transportation hub, London is also headquartering to the European
Bank for Reconstruction and Development (EBRD).

REFERENCE:
Trade Commissioner Service – United Kingdom. Accessed: April 22, 2019. The United Kingdom:
Market Overview. Retrieved from: https://www.export.gov/article?id=United-Kingdom-Market-
Overview

Canada and the UK work closely together as part of international organizations and are the only
two countries that are members of NATO, the G7, the G20 and the Commonwealth. Canada is an
active participant in the Commonwealth, and is the second largest financial contributor after the
UK. Through the United Nations, World Bank, and other organizations, Canada and the UK
continue to promote shared values and commitment to international development, particularly in
areas such as health and education. During the past few years, Canada and the UK have placed
a high priority on the security relationship, which includes military, law enforcement and
intelligence cooperation.

The UK has been a consistent supporter of the Canada-EU Comprehensive Economic and Trade
Agreement (CETA) that entered provisional application on Sept 21, 2017.

With application of this gold-standard comprehensive trade agreement, the economic ties
between Canada and UK are set to grow, as under CETA, tariffs will be eliminated on 98% of all
goods traded between two countries upon provisional application.

With CETA, the UK government has highlighted a predicted £1.3 billion (C$ 2.15 billion) annual
boost to its economy as a result of the agreement. Despite of its departure from the European
Union. Canada and the UK also have strong partnerships in science, technology and innovation
(STI).The research priorities of both countries have much in common and tend to concentrate
resources in large, collaborative, interdisciplinary programmes that meet global societal and
economic challenges such as ageing, climate change, science/green technologies, energy and
food and water security.

REFERENCE:

Government of Canada; Accessed April, 22 2019. Canada and the United Kingdom relations.
Retrieved from: https://www.canadainternational.gc.ca/united_kingdom-
royaume_uni/bilateral_relations_bilaterales/index.aspx?lang=eng
POLITICAL RELATIONS