Implications of Brexit to the Asia-Pacific Region: with a Focus on Least Developed Countries (Trade Insights: Issue No. 20)
This issue of Trade Insights, published by United Nations Economic and Social Commission for Asia and the Pacific, discusses how possible Brexit scenarios could adversely affect least developed countries in the Asia-Pacific region. Simulation results show that potential reduction in exports to the United Kingdom for fish, clothes, textiles, footwear, and other key items can range from 16% to 50% of their current export value. According to the study, countries heavily exposed to Brexit-induced risks must analyze the extent of such impact and engage the United Kingdom in discussions in order to limit negative impact.
Author: Louis Graham, Arun Jacob, and Anders K. Møller
Tags: Asia-Pacific, Least Developed Countries, South Asia, Trade, UNESCAP, India, Bangladesh, Maldives, Myanmar, Nepal, Sri Lanka