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Why the Brexit is even shittier than you think
by kleinbl00

    xperts estimated the bare minimum amount of time for negotiating and consummating new trade deals was five years, and that that would be very unlikely to be achieved in practice. Moreover, trade negotiations can fail, which means there is a a possibility of it taking much longer.

    So the UK was already faced with a gap of at least three years, and more likely longer than that, between when it left the EU and had a new trade regime in place, particularly with its most important trading partners on the Continent.

    But the BBC interview with the EU’s most senior trade official reveals it’s even worse than that. The negotiations of the UK’s departure from the EU and new EU trade arrangements cannot take place in parallel. They must be sequential. No new deal talks with the EU until the exit is completed.

    And the EU Trade Commissioner, Cecilia Malmstrom, also said the closest analogue was the negotiations with Canada (and recall that Canada is held out as one of the models for a post-Brexit relationship), took seven years to negotiate and will take an additional one or two years to ratify.