CFR's Hillman on Brexit Negotiations, Fishing Rights

The video discusses the potential impacts of a no deal Brexit, focusing on the fisheries issue, the effects on goods and services, customs and movement challenges, and the UK's trade agreements post-Brexit. It highlights the complexities and negotiations involved, emphasizing the significant consequences for the UK, EU, and global trade.

What is one of the major consequences of a no-deal Brexit for American companies?

• More favorable trade agreements

• Easier regulatory checks

• Tariffs on goods moving from the UK to the EU

• Increased investment opportunities

Why is the fisheries issue particularly challenging for the UK government?

• The EU has banned UK fish exports

• The UK has no fishing waters

• Fishermen are against Brexit

• Fishermen are a small but politically significant group

What is a potential consequence for UK fish exports in the event of a no-deal Brexit?

• Easier access to EU markets

• Tariffs and food safety inspections

• No change in trade conditions

• Increased demand in the EU

How might financial services be affected by a hard Brexit?

• They will be banned in the EU

• They will face no changes

• They will need re-approval for sale in the EU

• They will automatically be approved in the EU

What is the purpose of the proposed grace period post-Brexit?

• To eliminate all tariffs

• To allow time for new trade agreements

• To ease the transition with customs documentation

• To increase trade restrictions

What has the UK been doing to maintain trade relations post-Brexit?

• Creating new trade agreements with the EU

• Rolling over existing EU trade agreements with other countries

• Banning all imports

• Focusing solely on domestic trade

Which country is the UK's largest trading partner?

• Canada

• European Union

• United States

• China