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In term of trade issues, Britain’s links with the EU are holding back

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SVP
Joined: 12 Dec 2016
Posts: 1534
Location: United States
GMAT 1: 700 Q49 V33
GPA: 3.64

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18 May 2017, 22:34
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Difficulty:

85% (hard)

Question Stats:

48% (02:21) correct 52% (02:22) wrong based on 145 sessions

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In term of trade issues, Britain’s links with the EU are holding back its focus on emerging markets – there is no major trade deal with China or India, for example. Leaving would allow the UK to diversify its international links.

Only one of the below statements, if true, can turn the argument into a stronger argument?

A) Exports to outside the EU make up 60 per cent of total UK exports and this proportion is rising, all thanks to success of negotiations that results in the preferential trade deals with more than 40 countries outside Europe stretching from Mexico to South Korea by EU on the UK’s behalf.
B) 44 per cent of Britain’s exports go to other EU countries. Putting up barriers with the countries that Britain trades with most would be counterproductive.
C) Since no concrete precedent exists for a Brexit or anything like it, the world's emerging economies are predicted to have fewer foreign investments.
D) New trade deals between nations Hong Kong, Gulf States, Canada, New Zealand, and the UK could match the advantages of the UK's current membership of the single market.
E) Cars made in Britain get nearly 60% of their parts from nations outside the UK.
Director
Joined: 26 Aug 2016
Posts: 619
Location: India
GMAT 1: 690 Q50 V33
GMAT 2: 700 Q50 V33
GMAT 3: 730 Q51 V38
GPA: 4
WE: Information Technology (Consulting)

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20 May 2017, 12:46
My explanation:

A - this statement is telling us that being in EU is actually beneficial to them. - Here EU preferential trade is giving UK huge exports.
B - This again weakens the argument that Leaving is beneficial. - Here Barriers are kept on nations that make the trade counterproductive(negative)
C - irrelevant .
D - Oh cool this is adding some more nations - wait we don't know yet whether these nations are in preferential nations from EU or not.However, lets hold it.
E - Only cars ? - how can this be beneficial unless we assume that all the trade from UK is done on automobiles that too preferentially exports on cars. .
Intern
Joined: 07 Apr 2017
Posts: 43
GMAT 1: 720 Q46 V44
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20 May 2017, 18:33
why is this question posted? even if its posted, you should at least disclose it's a question that you personally created.
BSchool Forum Moderator
Joined: 28 Mar 2017
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GMAT 1: 730 Q49 V41
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19 Jul 2017, 10:40
In term of trade issues, Britain’s links with the EU are holding back its focus on emerging markets – there is no major trade deal with China or India, for example. Leaving would allow the UK to diversify its international links.

Only one of the below statements, if true, can turn the argument into a stronger argument?

A/ Exports to outside the EU make up 60 per cent of total UK exports and this proportion is rising, all thanks to success of negotiations that results in the preferential trade deals with more than 40 countries outside Europe stretching from Mexico to South Korea by EU on the UK’s behalf. -At the least, this option weakens the argument. The argument is in favor of britain's exit from the treaty, but since the exports are increasing -the exports are already 60% suggesting good relations with foreign countries- the britain doesn't have any reasons to leave.
B/ 44 per cent of Britain’s exports go to other EU countries. Putting up barriers with the countries that Britain trades with most would be counterproductive. -We want the plan to be effective. Here leaving will be counterproductive for Britain, therefore a weakner.
C/ Since no concrete precedent exists for a Brexit or anything like it, the world's emerging economies are predicted to have fewer foreign investments. -Out of scope
D/ New trade deals between nations Hong Kong, Gulf States, Canada, New Zealand, and the UK could match the advantages of the UK's current membership of the single market. -CORRECT. If The Britain can achieve its current levels of advantages by exiting and by having new relations, it will definitely help Britain strengthen its international links.
E/ Cars made in Britain get nearly 60% of their parts from nations outside the UK. -Out of scope.
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Re: In term of trade issues, Britain’s links with the EU are holding back   [#permalink] 19 Jul 2017, 10:40
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