November 13, 2020
The UK has benefited from EU trade pacts with more than 70 countries. But if Britain can't reach agreement with the EU on a new trade deal before it formally leaves the EU on January 1, it could lose its preferential access to those markets. In preparation for such a scenario, the UK has signed dozens of new trade agreements, allowing countries to boost trade with the UK even after its departure from the European Union is finalized. It has also tried to prepare ground for a trade deal with the US, a process that's become more difficult with the election of Joe Biden. Here's a look at which countries and blocs have signed deals with the UK and the total value of each trade relationship.
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In this Quick Take, Ian Bremmer breaks down the escalating US-Israel war with Iran and its ripple effects on global markets and supply chains.
As missiles fly and oil prices soar, the Iran war is exposing another major resource vulnerability in the Middle East: water. Fresh water has been a scarce commodity in a region defined by a dry climate and low rainfall, but attacks on the region’s desalination plants, which convert seawater into drinking water, threaten to open a new front.
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