New Trade War Threatens Global Order as TTIP Talks Stall
Saturday, 3 September 2016
The failing support and popularity for TTIP has much to do with a lack of governmental PR and information but Britain can still prosper post-Brexit. Shanker Singham, Director of Economic Policy and Chairman of the Legatum Institute Special Trade Commission is quoted in the Daily Telegraph.
“It was supposed to be the biggest deal of its kind. The Transatlantic Trade and Investment Partnership—or TTIP—would create the world’s largest free trade area, and with it bring rising exports, lower prices and more jobs."
“Trade deals are often presented as a zero sum game in which if one party wins, the other loses. Governments have failed to relay the gains that are associated with agreements."
“I think the UK in a post-Brexit world has a very high chance of doing an agreement with the US and other like-minded countries such as New Zealand and Canada and even Switzerland—countries that are committed to open trade, competition and property rights protection."
Read: New Trade War Threatens Global Order as TTIP Talks Stall
- Legatum Institute Special Trade Commission [View]