Impact of Brexit on UK and Morocco: An Assessment of Economic Trade

International strategy
management

Table of Contents
INTRODUCTION...........................................................................................................................1
MAIN BODY...................................................................................................................................1
CONCLUSION................................................................................................................................6
.........................................................................................................................................................6
REFERENCE .................................................................................................................................7

INTRODUCTION
International strategy management is defined as process of developing and defining the
international strategy which can help to attain the business goals and maintain the good
performance. The aim of organisation is to expand their business across the national border so it
can compete internationally (Latorre, Olekseyuk and Yonezawa, 2018). The present essay is
prepared to define the assessment of economic impact of Brexit where it states how businesses of
other states belonging to EU are closed due to Brexit. It has affected the trade relationship
between two countries such as EU and UK where trade rules are changed which become difficult
for opposite states to continue the business. The points which are considered in this based on
economic theory, financial and economic measures by involving FDI and GDP that can help to
understand the Brexit situation between two countries that are UK and Morocco. Morocco is a
North African Country bordering the Alantic Ocean and Mediterranean Sea which is
distinguished from European cultural influences. This essay will provide understanding about
Brexit and Uncertainty which has caused, how Brexit affect the UK and Morocco in case of
Brexit, role of country in world economy, foreign direct investment trends (FDI) and foreign
added values activities by using OLI paradigm. Moreover, economic trade theory like as absolute
and comparative advantages being used in evaluation of economy of countries.
MAIN BODY
Brief background context- what is Brexit and the uncertainty it has caused
Brexit is the withdrawal of UK from the European Union which was referendum in June
2016. When there was voting for withdrawn then received 52% votes in favour and This is a
kind of war and changes in trade regulation which made by government for running their
business according to new regulations. Different regulations and laws which are mode by WTO
(World Trade Organisation) for running a business between two countries are required to be
followed that allows business industries to continue the import and export activities. This is
important for all countries and EU states to follow the trade regulations and laws while operating
the business in other European countries (Luthans and Doh, 2018).
Morocco is a North African country that is operating business in their country. This
country has signed a trade deal with UK on 26th October 2019. For running a business after
Brexit it become compulsory to follow all trade regulation which are formulated by government
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