Brexit explained: a brief and regularly-updated infographic introduction to Brexit

Information is Beautiful has prepared an introduction to Brexit and is regularly updating the infographic as new information is available and as the situation evolves.

Clarifying the structure of the European Union and giving an overview to the UK’s possible options for Brexit, this visualization can be a useful and quick guide to the situation behind the headlines and political discussions in news and media outlets.

A video explainer can be found at YouTube here: https://youtu.be/Yht_zE_mT7U

A more extensive and annotated visualization can be found on the Information is Beautiful, along with links to different sources for further information: https://informationisbeautiful.net/visualizations/the-uks-brexit-options-in-the-eurozone-landscape-visualized/

Looking for more visualizations on a variety of subjects and topics? Explore further the Information is Beautiful website here: https://informationisbeautiful.net/

Brexit : trade governance and legal implications for third countries by Martin Molinuevo.

The impact of Brexit on the trade relations of EU/UK with third countries is likely to entail an extensive process of amendment to the disciplines and sectoral obligations featured in their current multilateral and bilateral trade and investment agreements. At the WTO, the UK stance will require amending the current EU lists of concessions in a way that may lead to a broad renegotiation process. At the bilateral level, the status of current EU agreements regarding the UK and third countries is uncertain, as these agreements may no longer apply to the UK. Further, agreements on goods, such the customs union with Turkey, will no longer be valid for the UK. Least developed countries (LDCs) and developing countries who benefit from the EU Generalized System of Preferences (GSP) will continue under this regime, but that framework will no longer be applicable to the UK. In all cases, third countries who consider that Brexit has diminished the value of their commitments may request compensation or changes in the text of the agreements, or ultimately terminate the agreement. The process of amending the trade and investment agreements requires comprehensive knowledge of their trade and investment flows with the EU and the UK.

http://www.kluwerlawonline.com/document.php?id=TRAD2018026

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Brexit from a WTO/GATS perspective : towards an easy divorce? by Rudolf Adlung.

Virtually all studies dealing with the WTO-related aspects of Brexit, the United Kingdom’s (UK’s) envisaged separation from the European Union, tend to focus on the ramifications for merchandise trade. Services trade rarely enters the picture, reflecting an apparently prevailing view that the reallocation of the existing pre-Brexit obligations requires little more than some drafting changes. This article begs to disagree, arguing that there are a variety of complex legal issues involved. These are related, inter alia, to the conceptual broadening of the General Agreement on Trade in Services (GATS) beyond conventional cross-border trade to three more types of transaction and its extension, in addition to the treatment of products (services), to that of producers (service suppliers). The competitive conditions of foreign producers that are established within a Member’s territory are thus covered by the Agreement. With this in view, the article points out scenarios under which these producers are adversely affected by the termination of the UK’s single-market status and the ensuing (re-)introduction of restrictions on market access and national treatment under GATS Articles XVI and XVII and/or the (re-)appearance of regulatory impediments in bilateral trade. In turn, this might provide a basis for the home countries to seek compensation. The article also identifies GATS-scheduled limitations that, because of the Most-favoured-Nation principle, cannot be maintained in trade among independent WTO Members. Depending on their nature, the resulting adjustments might lead to compensation claims as well.

http://www.kluwerlawonline.com/document.php?id=TRAD2018031

Disclaimer

Please note that external content will only work for subscribers who have access either using a log-in and password or associated with their IP Address.

No other access is implied or intended.

If you find anything you consider should not be available, even in this limited form, please leave a comment below.

Trade governance and legal implications for third countries by Martin Molinuevo.

The impact of Brexit on the trade relations of EU/UK with third countries is likely to entail an extensive process of amendment to the disciplines and sectoral obligations featured in their current multilateral and bilateral trade and investment agreements. At the WTO, the UK stance will require amending the current EU lists of concessions in a way that may lead to a broad renegotiation process. At the bilateral level, the status of current EU agreements regarding the UK and third countries is uncertain, as these agreements may no longer apply to the UK. Further, agreements on goods, such the customs union with Turkey, will no longer be valid for the UK. Least developed countries (LDCs) and developing countries who benefit from the EU Generalized System of Preferences (GSP) will continue under this regime, but that framework will no longer be applicable to the UK. In all cases, third countries who consider that Brexit has diminished the value of their commitments may request compensation or changes in the text of the agreements, or ultimately terminate the agreement. The process of amending the trade and investment agreements requires comprehensive knowledge of their trade and investment flows with the EU and the UK.

http://www.kluwerlawonline.com/document.php?id=TRAD2018026

Disclaimer

Please note that external content will only work for subscribers who have access either using a log-in and password or associated with their IP Address.

No other access is implied or intended.

If you find anything you consider should not be available, even in this limited form, please leave a comment below.

New statistical publications from OECD, mid June 2018

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.

Library acquisitions — October 2017

We are pleased to present our list of selected new acquisitions from October 2017. You can send your requests to Web.Librarian@wto.org.

The list is also available on Library’s website: http://intranet/__resources/library/_en/new_for_you_new_books.html.

For continuous updates on the latest trade news, don’t forget to check out the “Latest in trade” RSS feed: http://intranet/en/resources/library/library.htm

Kind regards,

Your WTO Library Team

Covers Title, Authors/Editor details, WTO catalogue records email request links Previews
Form in intellectual property law / David Booton.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926857

Request: web.librarian@wto.org

Preview: https://goo.gl/5ro5b9

Global agriculture and the American farmer : opportunities for US leadership / Kimberly Ann Elliott.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926895

Request: web.librarian@wto.org

Preview: https://goo.gl/eNbuQT

Globalization and animal law : comparative law, international law and international trade / Thomas G. Kelch.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926974

Request: web.librarian@wto.org

Preview: https://goo.gl/BdgTvA

Grave new world : the end of globalization, the return of history / Stephen D. King.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926919

Request: web.librarian@wto.org

Preview: https://goo.gl/FiwGSE

Handbook on growth and sustainability / edited by Peter A. Victor, Brett Dolter.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926706

Request: web.librarian@wto.org

Preview: https://goo.gl/jJLSRH

Intellectual property rights and climate change : interpreting the TRIPS agreement for environmentally sound technologies / Wei Zhuang.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926813

Request: web.librarian@wto.org

Preview: https://goo.gl/dvqhM2

International investment arbitration : substantive principles / Campbell McLachlan, Laurence Shore, Matthew Weiniger.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1925550

Request: web.librarian@wto.org

Preview: https://goo.gl/nxYfXV

The international law on foreign investment / M. Sornarajah.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926917

Request: web.librarian@wto.org

Preview unavailable
Legal aspects of Brexit : implications of the United Kingdom’s decision to withdraw from the European Union / [edited by] Jennifer A. Hillman and Gary Horlick.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926736

Request: web.librarian@wto.org

Full-text: https://goo.gl/vKHkn5

The profit of the earth : the global seeds of American agriculture / Courtney Fullilove.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926827

Request: web.librarian@wto.org

Preview: https://goo.gl/7Gw32d

Regulating transport in Europe / edited by Matthias Finger, Torben Holvad.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926932

Request: web.librarian@wto.org

Preview: https://goo.gl/6XAXbP

Research handbook on intellectual property exhaustion and parallel imports / edited by Irene Calboli, Edward Lee.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926862

Request: web.librarian@wto.org

Preview: https://goo.gl/gth6zS

The use of economics in international trade and investment disputes / edited by Marion Jansen, Joost Pauwelyn and Theresa Carpenter.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926821

Request: web.librarian@wto.org

Preview: https://goo.gl/cJdQmu

 

New publications from OECD, late October 2017

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.

New publications from OECD, late September 2017

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.

Library acquisitions — May 2017

We are pleased to send you our list of selected new acquisitions from May 2017. You can send your requests to Web.Librarian@wto.org.

The list is also available on Library’s website: http://intranet/__resources/library/_en/new_for_you_new_books.html.

For continuous updates on the latest trade news, don’t forget to check out the “Latest in trade” RSS feed: http://intranet/en/resources/library/library.htm

Kind regards,

Your WTO Library Team

Through 23 June 2017, take advantage of trial access to explore Africa Intelligence! This leading resource on Africa, published in English and French, brings together five publications (West Africa Newsletter, Indian Ocean Newsletter, Maghreb Confidential, Africa Energy Intelligence, and Africa Mining Intelligence) in one place, with a single searchable interface.

For more information and to explore this resource during this limited trial period, visit Africa Intelligence here: https://www.africaintelligence.com

Access is via username (unseiac@un.org) and password (trial17). In case of questions or to share your experience regarding this resource, please contact web.librarian@wto.org.

Covers Title, Authors/Editor details, WTO catalogue records email request links Previews
The emergence of globalism : visions of world order in Britain and the United States, 1939-1950 / Or Rosenboim.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926708

Request: web.librarian@wto.org

Preview: https://goo.gl/GCIR3M

EU environmental law / Geert Van Calster, Leonie Reins.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926788

Request: web.librarian@wto.org

Preview: https://goo.gl/qTpKUN

The future of Korea’s trade and business portfolio in North Africa : a deep horizon political economy scan of Algeria, Morocco and Tunisia / Mark Abdollahian … [et al].

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926824

Request: web.librarian@wto.org

Preview: https://goo.gl/cmdo0j

Handbook of globalisation and development / edited by Kenneth A. Reinert.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926772

Request: web.librarian@wto.org

Preview: https://goo.gl/SoLNGt

Integración económica / Fernando Porta, Patricia Gutti, Ramiro Bertoni.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926792

Request: web.librarian@wto.org

Preview unavailable
The internationalization of government procurement regulation / edited by Aris Georgopoulos, Bernard Hoekman, Petros C. Mavroidis.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926762

Request: web.librarian@wto.org

Preview: https://goo.gl/P6AqLs

Negotiating south-south regional trade agreements : economic opportunities and policy directions for Africa / [edited by] Gbadebo Odularu, Bamidele Adekunle.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926768

Request: web.librarian@wto.org

Preview: https://goo.gl/vc3AtB

Public procurement and multilateral development banks : law, practice and problems / Sope Williams-Elegbe.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926760

Request: web.librarian@wto.org

Preview: https://goo.gl/ktIibx

Research handbook on intellectual property in media and entertainment / edited by Megan Richardson, Sam Ricketson.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926778

Request: web.librarian@wto.org

Preview: https://goo.gl/3mFkln

Research handbook on the politics of international law / edited by Wayne Sandholtz, Christopher A. Whytock.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926784

Request: web.librarian@wto.org

Preview: https://goo.gl/zmT61V

(Re)structuring copyright : a comprehensive path to international copyright reform / Daniel J. Gervais.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926319

Request: web.librarian@wto.org

Preview: https://goo.gl/5J7XJ8

The rise to market leadership : new leading firms from emerging countries / edited by Franco Malerba, Sunil Mani, Pamela Adams.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926770

Request: web.librarian@wto.org

Preview: https://goo.gl/8WsM7y

Small and medium-sized enterprises in international economic law / edited by Thilo Rensmann.

WTO catalogue : http://wto.aquabrowser.com/?itemid=|WTO-Marc|1926734

Request: web.librarian@wto.org

Preview: https://goo.gl/jDvYjW

 

New publications from OECD, July 2016

New OECD publications have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:

These volumes and more are accessible from the OECD iLibrary by WTO staff and WTO Library patrons.

The Causal Relationship between Trade and FDI: Implication for India and East Asian Countries / Choongjae Cho

This study tries to find the causal relationship between bilateral trade and FDI in India and East Asian countries using macroeconomic data and derive policy implications for regional integration. Since the late 2000s, Korea, Japan and Singapore’s
trade and FDI with India have been rapidly increasing, but the causal relationship between trade and FDI could not be found, contrary to expectations. The relationship between trade and FDI in the US, the UK and Germany with India showed one-way or two-way causality, respectively. The estimation suggests that the causal relationship between trade and FDI in both countries could be formed by long-term economic exchange rather than a short-term surge in scale.

Full-text available in .pdf

Exchange-rate risk and UK-China trade: evidence from 47 industries / Mohsen Bahmani-Oskooee, Scott Hegerty and Ruixin Zhang

Recent years have seen a rapid expansion of studies that examine the effects of exchange-rate risk on bilateral exports and imports for specific industries. Since the underlying theory is ambiguous, each case must be studied individually. This paper considers British trade with China, for 47 types of product, over the period from 1978 to 2010. Consistent with the underlying theory, cointegration analysis shows that most industries register no effect due to volatility in the long run, while some trade flows are reduced and a handful are even increased. An analysis of industry characteristics suggests that while the type of good might play little role on an industry’s specific results, a product’s trade share does. This is the case for UK imports of Chinese goods, perhaps because large Chinese exporters are able to successfully hedge against exchange-rate risk. The paper aims to discuss these issues.

The paper arrives at two key conclusions. First, as has been shown previously for other country pairs, most industries demonstrate no long-run response to exchange-rate volatility. A fraction of industries are affected, and most of these effects are negative.

Full-text available in .html and .pdf