Why would anyone trust Brexit Britain again?
EU officials have already rejected the UK call for a renegotiation, which trade experts say amounts to a brazen attempt to press the European Union to agree to demands that it already rejected during several rounds of talks.
Just seven months after singing its praises, British Prime Minister Boris Johnson is attempting to rewrite the Brexit deal he signed with the European Union.
It’s a risky move that will undermine Britain’s credibility as a trustworthy trading partner at the very moment that the UK government is seeking to forge economic alliances far beyond Europe to justify its “global Britain” sales pitch for Brexit, according to experts.
Other countries watching the drama unfold will proceed with caution when it comes to dealing with the United Kingdom, according to L. Alan Winters of the UK Trade Policy Observatory at the University of Sussex in England.
“It certainly does raise questions about the trustworthiness of this government,” he said “I don’t think it will lead to the complete cessation of negotiations between the UK and other countries, but I think it will make it a little bit more difficult,” he added.
To be clear, the UK government’s capricious behavior is a bad look, but it won’t necessarily prove fatal to future trade alliances. It could, however, weaken its negotiating position.
“The UK is a substantial economy,” and is an “attractive trade partner in many ways,” said Simon Usherwood, a professor of politics and international studies at The Open University in England.
Potential partners, such as New Zealand and other Pacific nations, may just insist on more robust ways to settle disputes in case the United Kingdom tried to backtrack on a deal, he told reporters.
“If you wanted a trade deal with the UK, now is probably the best time to get one on your own terms,” Usherwood added, pointing to the highly accommodating deal the UK government granted Australia. “The UK is in a tight situation. It needs to show that leaving the EU was a worthwhile venture.”