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originally posted by: PainterzAlso we'd have to accept all that lovely chlorine washed Chicken and chemical-filled cheap poisonous food the Americans are just salivating to sell to us.
WTO rules would be a catastrophe.
Its most pessimistic example estimates what would happen if all Danish and other EU vessels were excluded from fishing in the UK-EEZ, with no possibility of keeping any catches. That would decimate landings values by 57% and cut profits by more than three-quarters.
While EU officials have warned the UK not to negotiate any bilateral trade agreements outside the EU until after March 29, 2019, Theresa May's government has embarked on various international tours in a bid to lay foundations for future deals.
One country that the UK will want to court, in particular, is China. It has invested some $14 billion (£10.8 billion) in the UK since the start of 2016, according to the American Enterprise Institute and Heritage Foundation.
The 30 best-performing Chinese companies in the UK alone yielded a total of £9.8 billion in revenue and employed over 20,000 people in Britain in 2015, research firm Grant Thornton reported.
Britain has also appeared keen to join China's "One Belt One Road" initiative, which aims to link some 65 countries across Africa, Asia, and Europe through trade and infrastructure.
originally posted by: Peeple
In theory, yes. In reality might the UK overplaying their hand a bit. For the EU it's fine their trade stands, locations change but that's not such a big deal.
The UK would have to make new deals with the world in 2 days.
But are (I guess) counting on the inertia of global financial players.