Saturday, June 25, 2016

Brexit will Negatively Impact China-EU Free Trade Negotiations

"Brexit could also mark a setback for China’s long-term goal of a free trade agreement with the EU. London had emerged as one of the most eager advocates for a China-EU FTA; with the U.K. now exiting the bloc, none of the other major EU states seem keen to ink a deal with Beijing. An FTA with the U.K. alone might be politically simpler to negotiate (assuming Cameron’s embrace of Beijing is also adopted by his replacement as prime minister), but won’t have nearly the same economic benefits for China."

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