If, or for as long as, there is no agreement, the trade relations between the EU and the UK will be governed by WTO regulations, unless there are specific transitional agreements, and the MFN clause will be applied.
I will focus on three issues that need to be addressed or the “challenges” facing Asian economies. The first challenge is to ensure a continuous increase in productivity. In particular, there are a number of issues to be addressed if we are to strengthen the traditional Asian growth model based on a combination of both exports and domestic demand.