Impact of Brexit: International Trade

The UK Perspective

For the first time in 40 years the United Kingdom has begun setting its own international trade policy. The negotiation priorities established by the UK Government will have significant impacts on businesses and consumers. Trade negotiations are not an exclusive matter of public policy and diplomacy – high-quality agreements require extensive collaboration between Government and industry.

Businesses with interests or aspirations in international markets have to involve themselves in the development of trade policies and priorities to ensure they can make the most of new market opportunities. On the domestic front, new trade agreements will require changes to regulation affecting a broad range of industries. In our short overview document, we outline some of the steps that UK businesses might need to take to understand and influence trade policy as the Brexit process progresses. We also set out how we can help to provide the strategy and approach to respond effectively to change.

Key FTI Consulting Services

Understand the Process

Offering a step by step guide to the process of free trade negotiations and advice on when to intervene
Offering an understanding of the thinking and policy direction of the UK Government and the priorities of negotiation partners
Scenario planning to help prepare for any possible negotiation outcome

Identify the Issues

In depth exploration of the trade negotiation issues that will affect your industry
Identifying the non-tariff barriers that impact your business
Identifying opportunities for growth through the elimination of trade barriers
Providing a comprehensive understanding of the regulatory changes and new market opportunities in your industry
Modelling the impact of changes in the trade environment on your costs, revenues and margins, to inform your pricing and sourcing strategy