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However, hidden from the public eye is the fact that this deal will have little impact on London’s economy.
While any increase in trade is advantageous, particularly geopolitically, the deal’s economic gains will likely be minor for advanced economies like the UK.
Distance Matters: The Impact on London’s Services Trade
Collaborating with other governments and the World Trade Organization (WTO) to harmonize regulations, recognize qualifications, and cut red tape would facilitate London’s services trade globally.
