The World Trade Organisation has told Sky News that Brexit has created “unprecedented” challenges but that the UK could become a prominent voice in shaping the future of world trade.
The WTO, based in Geneva, creates the rules used to shape much of global trade.
The WTO says that despite the good will towards the UK, negotiators will be looking out for the best interests of their people.
Once the UK leaves the free trade area of the European Union, it is likely to lean heavily on WTO regulations.
In the event of a no-deal Brexit, the WTO’s regulations would cover almost all of British international trade.
Keith Rockwell, the organisation’s chief spokesman, told me that “the circumstances involving Brexit are without any precedent at all in this organisation”.
Once the UK leaves the free trade area of the European Union, it is likely to lean heavily on WTO regulations.
In the event of a no-deal Brexit, the WTO’s regulations would cover almost all of British international trade.
Keith Rockwell, the organisation’s chief spokesman, told me that “the circumstances involving Brexit are without any precedent at all in this organisation”.
