What if the UK falls back from EU to World Trade Organisation rules?

60% of the UK’s trade in goods benefits from preferential trade agreements – around 47% with the EU itself and around 13% with other countries and trade blocks that have agreed preferential trade treaties with the EU (see the map from 2013 for a guide). These could be directly affected by a switch to World Trade Organisation rules. We explain the situation below. Continue reading “What if the UK falls back from EU to World Trade Organisation rules?”