1. Do you think that Mr. Davis makes a good case for the UK being in a strong bargaining position after exiting the EU? Explain your answer

Mr. Davis argues that the UK will have a strong negotiating position after exiting the EU. According to his argument, it is evident that the UK may have an upper hand in trade. He asserts that Article 50 will not be invoked before the end of the year. This implies that the UK will have time to weigh different options that will be of benefit to her. There will be enough time for the UK to negotiate with other like-minded countries in and without the EU market. Besides, UK has strong business regulations that are harmonized with Europe, and these rules can be applied even after the EU exit. Norway is a good example of how these rules can help improve the business. It is also wise to point out that the UK has a large export market as compared to the imports, and this gives it an upper hand. If the EU imposes high customs on the UK products, then the UK will counter this by increasing their tariffs, and this would be to its advantage. Also, the country has an opportunity to negotiate trade deals with other countries such as China, India, US, Canada, etc. there are plans to improve links between the UK and other nations to ensure improved trade. In essence; Mr. Davis has a strong argument for his position that the UK has an upper hand.

2. Mr. Davis mentions a number of countries outside of the EU that would be targets for bilateral trade deals. Other than the US, which one of those countries do you think would be the best trade partner for the UK? Explain your answer.

Mr. Davis mentions many countries that will have bilateral trade agreements with the UK. In my opinion, Canada will be better trade partner after the US.  This is because there are several things that the UK can learn from Canada. For instance, for several years, UK has not been able to negotiate for trade deals outside EU and hence there will be a large problem. UK will learn a lot from Canada, especially from Canada’s comprehensive and economic trade agreement (Ceta). With close business ties, the two countries have a potential for mutual benefit between them.

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