DC Counsel Clif Burns was quoted by The Wall Street Journal in several articles examining the aftereffects of Brexit – the United Kingdom's referendum vote to leave the European Union. Burns commented on the implications of the decision on the UK's trade relationships, including the ongoing trade negotiations known as the Transatlantic Trade and Investment Partnership, or T-TIP , and sanctions against Russia. If not participating as a member of the EU, the UK will not be included in the T-TIP talks. "The UK will just be looking at that from the outside," said Burns, in an article published June 28.
The Brexit decision also means that the UK may need to draft its own sanctions against Russia to replace those imposed by the EU in 2014 after Russia's annexation of Crimea. "They are going to have to reenact all those sanctions," Burns said. "They are likely to look different."
Nevertheless, Burns signaled that many of the UK's trade relationships will not be severely impacted, particularly those with the U.S., in a Wall Street Journal article June 24 (click here to read the full article). "In a lot of areas the change will not be as noticeable or as radical as people think," he said. "Post-Brexit, the UK is still bound by the open skies agreement," he said, referring to the agreement limiting government interference in commercial aircraft routes, which will remain in place. Various tariffs will not be affected either, he said. "The UK is a member of the World Trade Organization...It can't raise tariffs on the US without raising the tariffs on other members." Burns has been quoted in five articles by The Wall Street Journal on the topic.