BLOOMBERG: Brexit Could Leave U.K. Struggling to Match Access to Asia

06/22/2016

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June 21st, 2016 | By: David Tweed

The U.K. could find itself hard pressed to replicate access to Asia’s lucrative markets — from New Zealand to India — should voters in the world’s fifth-biggest economy opt to leave the European Union.

With Asia accounting for two-thirds of global growth, the U.K.’s trade ties with the region are crucial for it. While some politicians such as Boris Johnson have said the country could use independence from the EU to negotiate better arrangements, governments in Asia would probably take advantage of its need for new trade pacts.

Having joined the European Economic Community — the precursor to the EU – more than four decades ago, the U.K. lacks seasoned negotiators to broker deals.

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