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While the United Kingdom (UK) is working out its relationship status with Europe, it will also have to resolve its trade relations with the rest of the world. The UK will need to establish the foundation on which new trade relationships will be built—that means bringing its membership in the World Trade Organization (WTO) up to date.
The Brexit vote illustrates what can happen when people feel their job opportunities are suffering due to liberalized trade policies. If we want open migration and trade policies, we need to focus on domestic job losses.
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