The United Kingdom needs to brush up on its bargaining skills if it is going to negotiate a favorable deal with the European Union.
At the 2016 Tory Party Conference, the UK prime minister, Theresa May, announced her intention to trigger Article 50 – the formal start to the United Kingdom’s breakaway from the European Union – before the end of March 2017. Once set in motion, both parties will have just two years to reach an agreement. London School of Economics assistant professor Thomas Sampson outlines an applicable negotiation strategy to help the United Kingdom emerge from these high-pressure negotiations with a favorable, if not perfect, outcome. getAbstract recommends this analysis to economists, lawyers and readers interested in the global economy.
In this summary, you will learn
- How the United Kingdom can prepare for trade negotiations with the European Union,
- What disadvantages the United Kingdom will have to overcome during negotiations and
- What situation the United Kingdom may find itself in should negotiations break down.
Comment on this summary
Customers who read this summary also read
Paul Swinney and Elli Thomas
Centre for Cities © 2015, 2015
Martin Reeves and Philipp Carlsson-Szlezak
Boston Consulting Group, 2016
Joakim Wernberg and Jacob Dexe
Wilfried Martens Center for European Studies, 2016