UK leaving the EU, a good thing for developing countries?

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http://www.cityam.com/258250/prospects-uk-quitting-eu-without-trade-deal-rising-not

In Poverty Inc, one of the main arguments put forward by the entrepreneurs in Haiti was that they needed to not be excluded from trade policies. The result of letting them in would mean they would be able to prosper for themselves and lean more in the direction of becoming a developed country.

The UK plans to adopt the EU’s trade agreements with developing countries after Brexit.
The above article implies that there will be no trade deal with the UK and the EU after Brexit. The UK’s prospects of securing trade deals with the rest of the world is therefore looking increasingly promising.

Britain’s former ambassador to the EU said, “The view of many will be that the implications for the UK of walking away without any deal on the economic side and without any preferential arrangement and walking into a World Trade Organisation-only world are – from their perspective, which may be a misreading of us – so unpalatable that we won’t do it,”

The EU trade policy has so much to offer and therefore for a country to walk away from it does seem quite disadvantageous to the leaving country. However, it seems as long as the UK have other trade policies with other countries there should be no worry. This shows the importance for a country to be involved in part of a trade policy in order to prosper economically.

2 thoughts on “UK leaving the EU, a good thing for developing countries?”

  1. The UK occupies a unique spot in international trade for a couple reasons. In no particular order regarding their importance, I think the UK could leave the EU without trade deals and not be severely adversely impacted for the following reasons; 1) The UK is already independently comprised of four separate countries in England, Scotland, Northern Ireland, and Wales; assuming Scotland doesn’t break away (somewhat unlikely since they’re on the GBP). 2) The commonwealth of nations remain fairly loyal to the crown despite the fact that they are no longer colonies nor solely comprised of former colonies – this provides approximately 50 potential trade partners; the closeness of these relationships is reflected in the fact that the Judicial Committee of the Privy Council, which is the final court of appeals for a total of 27 commonwealth countries, UK overseas territories and crown dependencies, is comprised solely of Justices of the UK Supreme Court.