Research On The Impact Of Brexit On Sino-British Trade Relations

On June 23,2016,the United Kingdom took a referendum on Brexit,and the Brexit sent victory with a slight advantage.By the year 2018,the UK had experienced the change of the Prime Minister,the reorganization of the cabinet and the commencement of the Brexit negotiations with the EU during the Brexit process.In the process,the British government with Teresa May as the Prime Minister also gradually established the "hard Brexit",which means that Britain will completely leave the European Union and the European single market.Judging from the current agreement,the United Kingdom will formally leave the European Union on March 29,2019 and enter a two-year transitional period.China and Britain are important economic and trading partners.According to the statistics of the Ministry of Commerce,as of January 2018,China is the UK's seventh largest export market destination and the fourth largest source of import markets.The impact of the Brexit incident on Britain and China is multi-dimensional and multi-domain.Due to the transitivity and sustainability of the Brexit influence in the UK,the Brexit incident will affect Sino-British trade relations for a relatively long period of time.In the short term,the decline in the exchange rate of the British pound due to the rise in international risk aversion has had a negative impact on the trade between China and the United Kingdom.The UK,as an important partner of China in the European Union,has been separated from the EU in the United Kingdom.Further development will also be full of variables.In the long run,after Britain's departure from Europe,the United Kingdom can conduct foreign trade in a more liberal dimension.Sino-British trade relations are expected to usher in a new development,the scale of trade will further expand,and trade relations between the two countries will become closer..At present,the UK has already begun to implement a substantial process of Brexit.After the original economic and trade system was broken,the economic and trade relations between China,the United Kingdom,and the European Union have also entered an adjustable state.This adjustment will affect the differences in China.Trade relations and trade roles with the United Kingdom and the European Union.In the face of the impact of Brexit,China should take precautions to prevent risks caused by changes in foreign exchange,promptly promote trade facilitation between China and the United Kingdom,increase the potential for market cooperation,andrely on the convenience brought about by the "One Belt and One Road" initiative,while building and sharing a "fate community" with the United Kingdom.