Post-Brexit and the Crisis of Trade Multilateralism: Heartbreak or Mess? Ou...
With Brexit, Britain has entered unknown waters at the WTO and the ongoing global strategic trade negotiations to build bigger and and more comprehensive pro-business trade deals like Canada EU Trade Agreement (CETA) , the Trans-Atlantic Trade and Investment Partnership (TTIP) and the Transpacific Partnership (TPP) that affects British interests directly. All these trade deals are troubled as both Hillary Clinton and Donald Trump have nixed --for the moment at least–– American support for the TPP. Similarly dark quips emerge from Germany. CETA is given only a 50% chance of being ratified with so much opposition from social movements. This paper address the following relevant questions: Are Britain/EU being left behind by the current crisis of trade governance? Does the UK post-Brexit need to rethink its support for an unreformed WTO, or seek other trade partners elsewhere? Should it strategically be closer to China's new Silk Road’s global initiative to address the Global South's infrastructural crisis?
Daniel Drache is Professor emeritus of political science at York University in Toronto and the former director of the Robarts Centre Canadian Studies. His scholarship on globalization, new social media, North American integration and the iconography of dissent has been published by many of the leading university presses and journals. Visiting appointments include JNU and Jamia Millia Islamia New Delhi, EUI Florence, CNRS Paris, Massey College, University of Toronto, and, in 2015, Beihang University, Beijing. His current research examines global labour’s response to the worldwide pressure to undermine the living wage and the impact of social media on the 2014 Indian federal election. www.yorku.ca/drache.