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How Will No-Deal Brexit Chaos Affect Developing Economies?

Henry Ridgwell

   LONDON - Developing economies could face disruption from the shock
   waves of Britain crashing out of the European Union with no deal,
   according to analysts.

   Brexit will affect not only Britain's relations with the European
   Union, but also with hundreds of other countries with which Britain
   currently trades on EU terms, as Brussels sets trade policy for the
   entire EU bloc.

   London has negotiated new post-Brexit trade arrangements with several
   countries, including Central American nations, Switzerland and South
   Korea, among others. That leaves hundreds of states -- from smaller
   economies to relative giants like Japan and Canada -- with whom trade
   would revert to World Trade Organization terms after a no-deal Brexit.

   Striking new trade deals won't be easy, said professor Anand Menon at a
   "Changing Europe" program at Kings College London.

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