Wednesday, April 27, 2016

Front of the Line

Britain at the “Back of the Queue?” Why Obama Is Wrong About Trade and Brexit, Heritage Foundation Issue Brief #4552, "During an April 22 press conference with British Prime Minister David Cameron, President Barack Obama stated that, were Britain to leave the European Union, Britain would end up at the “back of the queue” for a trade deal with the United States. Observers wrongly understood this to mean that the U.S. would not negotiate with Britain until it had completed negotiations with all other trading partners. In fact, the President meant that negotiations with Britain could not, as a practical matter, be concluded for a number of years. The President is incorrect: Negotiations with Britain could be completed faster than other pending U.S. negotiations, because the kind of trade treaty the U.S. should seek to negotiate with Britain is different from the controversial, all-encompassing, large-bloc agreements the Administration has pursued in the Pacific and the Atlantic."

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