Saturday, July 08, 2017

Trade deals need peaceful partners

Boris Johnson in December --

Johnson said Britain's decision to leave the European Union would open fresh opportunities. "We'll still be there to stick up for our friends and partners in the Gulf ... But now for the first time since the 1970s we will additionally be able to do free trade deals and we'll be able to build on the extraordinary commercial relationships that already exist between the UK and the Gulf."

BoJo is in Riyadh this weekend -- but not to seal a trade deal. Instead, he's part of a belated realization in western countries that the Qatar crisis is getting worse and needs urgent attention. One reason why the EU worked as an economic bloc is because the members had gone past the stage of being on the verge of war with each other. But Britain decided to leave that and look for trade deals with regions where that condition is not met. 

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