Trade Talks Episode 18: Brexit – Sectoral Analyses or Impact Assessments?
Soumaya Keynes (The Economist) and PIIE Senior Fellow Chad P. Bown speak with Professor Meredith Crowley (University of Cambridge) about her Brexit research. Crowley describes results from her use of information on product-level UK exports and trade policies to identify the key sectoral risks of Britain exiting the European Union without a new trade deal. She also explains the uncertainty associated with UK exports to the EU facing tariff-rate quotas for agriculture, as well as trade defense instruments (anti-dumping and anti-subsidy policies) that threaten sectors like steel. They discuss the British government’s progress to date in providing sectoral analysis and the benefits to using economic models and impact assessments to identify areas of vulnerability to the British economy, including in sectors like autos.