WTO commitments

Special Edition: The WTO “Fall Back” Option for Brexit

None of these, however, can start until the WTO issues have been sorted.  Hence it is urgent to get the UK/EU internal discussions underway immediately on how to divide up WTO commitments and start the painstaking process of scheduling independent commitments for the UK. It may go smoothly and quickly.  But it may not.  And companies would be well advised to pay careful attention to what happens in Geneva—these apparently arcane discussions about schedules and commitments could become the rules that govern trade for UK businesses for a long time to come.