Skip to content
City PM
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
  • Germany
  • France
  • Europe
  • Markets
  • Business
  • Opinion
  • DE
Sunday 08 January 2017 10:35 am

This trade expert has warned of a “catastrophic” Brexit

By: Lynsey Barber

Add as a preferred source on Google

In the week that one of the UK's most "seasoned and tough" negotiators spectacularly resigned with a dig at the government's "muddled thinking", another negotiation expert has warned of the potentially "catastrophic" decision to leave the EU.

Jason Langrish, a Canadian trade expert who worked on the country's deal with the EU, has said a deal between Europe and the UK can not be achieved in the two year time-frame once Article 50 is triggered.

"There is no mutually beneficial deal available between the UK and the EU in this time frame. Existing levels of trade and investment will not guarantee a positive outcome for the UK. The Brexiters who think they have the upper hand are wrong," said Langrish, writing in The Observer.

Read more: A liberal Brexit means continued EU-UK cooperation –but this time as equals

EU ambassador Sir Ivan Rogers who unexpectedly quit just months before Article 50 is expected to be invoked, had warned that it would take a decade to agree a deal on trade.

 Langrish said: "Were they willing to realistically discuss options for Brexit, as opposed to telling you what they intend to do in a very general sense while dismissing the obvious concerns, they may have a chance to minimise the damage from the potentially catastrophic decision to leave.

"This seems increasingly unlikely. Let’s hope that the courts, parliament and, ultimately, the electorate do it for them."

Read more: Academics blast Treasury over “Project Fear” Brexit warnings

He said that Canada's Comprehensive Economic and Trade Agremeent (Ceta) was agreed between "two willing and flexible partners that approached negotiations with a positive spirit, seeking to realise the full potential of the relationship" but did not envision it taking a decade in terms of "scoping, negotiation and the ratification".

"The politicisation of the European process of ratification has been most surprising and, at times, disconcerting," he said.

"Rogers’s warning to Downing Street, outlining that the EU expects a full UK trade deal to take until the early to mid-2020s, seems a realistic timeframe. Undoing nearly 45 years of integration and shared law will not be a pleasant experience and represents a clear step backwards."

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Markets & Economics
  • News

Categories

  • Business
  • Economics
  • Politics

Trending Articles

  • Exclusive: Big Four giant KPMG to cut more jobs

  • Music tycoon Simon Cowell sued by prominent City lawyer

  • The former African gold miner taking on the billionaire Issa brothers

  • Tesco ‘in talks’ to exit eastern Europe

  • Easyjet agrees to £5.7bn Apollo takeover

More from City PM

  • Brexit 10 years on: Labour’s EU reset deal is ‘no growth strategy’

    Politics
    According to a new report from UK in a Changing Europe (UKICE), UK services trade has been more resilient than almost all other advanced economies.
  • UK manufacturers facing ‘steel quota cliff edge’

    Industrials
    The steel industry has been particularly badly hit by rising energy costs
  • Shipping chief: Hormuz tankers reluctant to leave Gulf despite Iran deal

    Economics
    Iranian military vessels patrol the strategic Strait of Hormuz amidst escalating tensions in the region
  • Octus Signs Definitive Agreement to Acquire LevPro, Advancing Vision for a Market-Leading, Vertically Integrated Platform for CLO and Private Credit Managers

    Business Wire
  • UK firms ‘bracing for change’ as Trump revives tariff threat over Big Tech tax

    Tech
    Donald Trump addressing media at a press event, wearing a suit and tie, with reporters and cameras in the background.
  • Brexit 10 years on: Business does not want a referendum rerun, says CBI chief

    Business
    CBI Chief Economist Newton-Smith addressing economic trends at a business conference podium with charts in the background
  • Steel tariffs watered down after industry backlash

    Industrials
    Britains steel industry facing challenges with potential shutdowns and job losses, highlighting economic impact.
  • Bank of England to ‘tolerate slow return’ to inflation target as interest rates held

    Economics
    Bank of England Governor Andrew Bailey said cited several indicators that the labour market was softening.

City PM — European politics, business and analysis.

Europe

  • Germany
  • France
  • Europe
  • UK & Ireland

Topics

  • Business
  • Markets
  • AI
  • Technology
  • Opinion
  • Energy

More

  • Politics
  • Economics
  • Fintech
  • Legal
  • Sport
  • Life

Company

  • About City PM
  • Editorial Policy
  • Corrections
  • Contact
  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 City PM · Published by CityPM Media, Bahnhofstrasse 65, 8001 Zürich, Switzerland
About · Editorial Policy · Corrections · Contact · Privacy · Facebook