Critically analyse the economic impact of ‘Brexit’ (Britain’s exit from the EU). Brexit means that the UK will be breaking away from its main trading partner; The European Union and will therefore no longer benefit from the free trade deals within this trading bloc. Although this is causing much uncertainty and disruption, there could potentially be the opportunity for the UK to negotiate new or revised economic partnership agreements (EPA) or trade deals with those outside of the EU. Using the UK and one non-EU member state from the list below, discuss the economic implications of Brexit for these two countries, including: trade relations, FDI inflows and outflows, as well as each country’s economic growth forecasts, to assess the economic activity for these two countries as a result of Brexit.
Please, SELECT ONLY ONE of these non-EU member states listed below to discuss alongside the UK to use as discussion for in your essay. All of the countries below have signed trade deals with the UK, which will come into effect after Brexit. PLEASE CHOOSE ONLY ONE OPTION OUT OF THE FOUR TO USE AS TOPIC DISCUSSION FOR MY ESSAY. I PROVIDED THE FOUR SO THAT MY WRITER CAN FREELY PICK THE MOST SUITABLE OPTION FOR GREAT ANAYLYSIS.
• Morocco (signed trade deal with UK on 26th October 2019). In 2018, total trade between the UK and Morocco was worth £2.5
• Central America (signed trade deal with UK on 18th July 2019). Total trade between the UK and Central America was worth £1.1bn in 2018
• Norway and Iceland (signed trade deal with UK on 2nd April 2019) According to the ONS, total trade between the UK and Norway and Iceland was worth £30.6bn in 2018
• South African Customs Union and Mozambique (signed 9th October 2019) Trade between the UK and Southern African Nations was worth £10.2bn in 2018
