Seminar on Brexit, Implications for the UK, the EU, Regional Trade Agreements, and Singapore

In this seminar, four practitioners shared their perspectives on different aspects of Brexit.

REGIONAL ECONOMIC STUDIES PROGRAMME SEMINAR
Brexit: Implications for the UK, the EU, Regional Trade Agreements, and Singapore


ISEAS Senior Fellow and Coordinator of Regional Economic Studies Programme, Dr Francis Hutchinson, introducing the four speakers to the audience at the start of the seminar (Source: ISEAS – Yusof Ishak Institute)

Tuesday, 16 August 2016  – In this seminar entitled “Brexit, Implications for the UK, the EU, Regional Trade Agreements, and Singapore”, four practitioners shared their perspectives on a specific aspect of Brexit.

Alexandra McKenzie, the Deputy High Commissioner of the United Kingdom in Singapore discussed three topics – namely: why the Leave campaign was ultimately more successful than initially thought; given the referendum’s result, what the UK’s goals are in this transition period and in any new arrangement with the EU; and how the UK could be looking at other trading partners in a post-Brexit world.

Ms McKenzie sharing the UK Perspective on Brexit (Source: ISEAS – Yusof Ishak Institute)

Joergen Moeller, Visiting Senior Fellow at ISEAS Yusof Ishak Institute, analysed Brexit from a continental perspective, including: the various approaches to implementing Article 50; the implications of the UK departing for EU core and non-core members; as well as what this could mean for NATO.

Second speaker, Mr Moeller, giving the continental perspective which includes the various approaches to implementing Article 50 (Source: ISEAS – Yusof Ishak Institute)

Jack Coleman, Research Fellow at the Asian Trade Centre, explored the consequences of Brexit for the regional trade architecture linking the United Kingdom with the European Union, such as: the UK negotiating a withdrawal from the EU; agreeing on some sort of compromise for its replacement; and then pursuing new trade agreements with third party economies.

Mr Coleman discussing how UK negotiated a withdrawal from the EU (Source: ISEAS – Yusof Ishak Institute)

Alvin Liew, Senior Economist with the United Overseas Bank, looked at the direct impact of Brexit on Asia; its indirect impact largely through currency movements; and countervailing measures put in place by various financial institutions. 

Mr Liew listing the implications of Brexit on Singapore (Source: ISEAS – Yusof Ishak Institute)

The seminar lasted for two hours and was attended by about 70 people.

Participants at the seminar (Source: ISEAS – Yusof Ishak Institute)