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Brexit

Brexiteers take note: New trade deals are a decade away

Brexiteers have underestimated the complexity of agreeing new trade deals with the EU and beyond

Complex trade agreements
Complex trade agreements Photo: Tim Ellis

Even as a youngster, growing up in New Zealand, I knew – we all did – that exports were fundamental to our standard of living.

Later, doing an undergraduate degree in economics and law, I learned that, while the benefits from international trade are a matter of economics, the determinants of that trade are so often a matter of law – the trade agreements that govern access to markets abroad. And later, working for the OECD, I learned how infernally complex trade agreements are and how long they take to negotiate.

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