Can the Commonwealth replace the EU as the UK's major trading partner? Sue Onslow quoted in the Times.

Monday 4 July 2016

Sue Onslow, Senior Lecturer in Commonwealth Studies at the Institute of Commonwealth Studies, is quoted in The Times on the subject of Britain’s proposed reorientation of its international trade from the EU to the Commonwealth, a prospect raised following last month's referendum on EU membership which resulted in victory for the Leave campaign.

Within the Commonwealth, there was ‘cautious optimism’ that Brexit could provide Commonwealth states with an opportunity to increase trade with Britain and develop new trade partnerships. However, as noted by Dr Onslow, the Commonwealth has accounted for only 10% of UK trade over the past 10 years. Dr Onslow added that “The possibility for greater trade [with the Commonwealth] is there, but I don’t think it’s going to be a panacea”.