Is WTO Article 24 the UK’s Secret Weapon? - Brexit Explained

The video discusses Article 24 of the General Agreement on Tariffs and Trade (GATT) and its potential use as a solution for the UK to trade tariff-free with the EU post-Brexit. It explains the historical context of GATT, its evolution into the World Trade Organization (WTO), and the implications of WTO rules. The video also examines the challenges and criticisms of using Article 24, including the need for mutual agreement between the UK and EU, and the potential for veto by any of the 164 WTO member nations. Expert opinions suggest that Article 24 is not a viable solution for Brexit-related trade issues.

Which political figures have recently brought WTO Article 24 into public attention?

• Boris Johnson and Jeremy Corbyn

• Jacob Rees-Mogg and Nigel Farage

• David Cameron and Nick Clegg

• Theresa May and Tony Blair

What is the primary purpose of GATT Article 24 according to the video?

• To impose tariffs on all trade

• To facilitate interim agreements between countries

• To resolve international trade disputes

• To allow unilateral trade agreements

What is required for Article 24 to be triggered?

• A referendum in the UK

• A unilateral decision by the UK

• Approval from the United Nations

• An agreement between the UK and EU

What is a major challenge in using Article 24 as a solution for Brexit?

• It requires approval from all WTO members

• It automatically resolves the Irish border issue

• It allows for unilateral decisions by the UK

• It is already in effect without any agreements

What does the video suggest about the effectiveness of Article 24 in solving Brexit issues?

• It is irrelevant to Brexit

• It is a guaranteed solution

• It is a powerful secret weapon

• It has significant limitations and challenges