Reply to post: Re: Not it isn't allowed under WTO rules at all.

Re: Not it isn't allowed under WTO rules at all.

Tom,

The UK already is a member of the World Trade Organisation.

https://www.wto.org/english/thewto_e/countries_e/united_kingdom_e.htm

We are already covered by WTO rules (as is the EU) and hence we already trade in accordance with WTO rules, either in accordance with trade agreements negotiated by the EU, or under the normal 'most favoured nation status' for nations with which we have no deal.

If we revert to trading with the EU under WTO rules (the 'No deal' option) no doubt there will be some issues that need to be sorted out, but we will nevertheless be legally covered by the WTO rules.

Additionally, a number of the nations with trade deals with the EU have already stated publically that, for their part, they intend those trade deals to be rolled forward such that they continue to apply to the UK once outside the EU.