Structural problems of the UK trade relations with the EU after Brexit

Anzhela Astafeva

Bachelor's thesis

Abstract:

Identification of issues in the foreign trade connected with Brexit for different EU member countries is one of the main objectives of the following thesis. There are many problems expected in the sphere of structure, logistics, trade policy, standardization etc. The author will identify the most critical of them in accordance with the Agreement between EU and UK and analyze the ways of the solution adopted on both sides. In order to understand the effects of Brexit on international commerce, we need to compare and contrast statistics from before and after the event. In addition to the work's standard technique, the author also uses descriptive statistical metrics to better comprehend the subsequent shifts in trade ties. The author draws the conclusion that a decrease in trade volume in 2019–2021 was likely caused by Brexit itself based on a series of her fundings, but it is crucial to understand that the trade relationship between the UK and the EU was obscured by a far more negative phenomenon, such as the pandemic of the coronavirus. Nonetheless, the author comes to the conclusion that Brexit is to blame for the economic slump that occurred in the UK, which in turn reduced UK trade not just with the EU but also with other nations as a result of stagnant or even declining production in the Kingdom. But the author thinks that after the UK has recovered from the current recession and other bad occurrences occurring in the nation, collaboration with the EU will continue since both parties share the same culture, ideas, and values for many essential principles like democracy. The author also thinks that taking a side with Ukraine in the continuing military war would serve to remind European and British politicians that despite their differences, they are still closely tied.

Keywords

Brexit, EU, trade, economy

Language used: English

Date on which the thesis was submitted / produced: 18. 3. 2023

Thesis defence

• Date of defence: 15. 5. 2023
• Supervisor: doc. Ing. Lubomír Civín, CSc. MBA
• Reader: Olga Regnerová, Ing.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Business Administration