red, woman afaik, the only country not in the WTO is North Korea.
They've still got sovereignty and nukes too, because when a famine killed up to 3.5 million of their citizens, they knew they were on the right track.
WTO (gulp, it's really complicated)
The Uk membership of the WTO is bundled together with that of the EU.
So the UK and the EU would have to negotiate simultaneously with all the other countries and trading blocs to extract their separate membership terms.
They would have to agree tariffs, quotas, farm subsidies and much else
BUT the current EU commitments on these are unclear - the only confirmed commitments are from before 2004, when the EU had only 15 members, not 27 or 28.
So, the UK will be negotiating a share of unknown amounts
AND it would take only one objection to hold up the talks, because the WTO operates by consensus, not voting and moves far more slowly than the EU.
The EU might not agree to cooperate in this highly complex undertaking, which would monopolise many of its most skilled trading specialists.
The current agreement (for the old 15 members) works for the EU and would hold until they try to change it.
HELLLLLP !
http://www.ictsd.org/opinion/nothing-simple-about-uk-regaining-wto-status-post-brexit
WTO director- general warning to UK:
“If you need to complete a deal quickly when the other side can wait, you are negotiating from a very weak position:”
https://tradebetablog.wordpress.com/2016/08/17/2nd-bite-how-simple-uk-eu-wto/