Further to my comments about our trading relationships being "blown apart" by Brexit, I thought it would interesting to see what the WTO has to say on a post Brexit UK and it's relationship with the WTO.....
In a recent interview with Reuters, Azevedo (WTO Director General ) passed the following comments:
On the UK and the EU's status within the WTO post Brexit:
"It is very likely that both the EU and the UK will have to negotiate with all WTO members," Azevedo said.
I don't see how just negotiating with the EU is going to obviate the necessity to establish what the parameters are between the UK and all other WTO members," Azevedo said.
On how long negotiations would take:
"It could be a few years, it could be decades. But our experience suggests that to expect smooth sailing and quick results would be a high-risk bet."
The EU has not yet finalised its WTO rights after enlarging to 25, 27 and finally 28 member states, which could add a further level of complication.
"It is not far-fetched to imagine that some members may say that it's difficult to negotiate the Brexit terms with both the EU and the UK while the current status of the EU membership is not fully ascertained," Azevedo said.