lesley batchelor is director general of the institute of export & international trade.usly are a trade expert, let's first of all talk about the possibilities on friday. because if nothing is sorted out, as things stand, we will leave the eu with no deal. what does that mean in terms of our trade relationships?m deal. what does that mean in terms of our trade relationships? it means at our trade relationships are left in limbo because we are at the moment trading is in the european union agreement. the eu south korea, eu, canada, all these trade agreements in place, we are getting great deals out of dealing with those countries. there are zero rating the tariffs that we would normally pay. we could make an impact on some of the goods going into a country, perhaps 25%, defence and what kind of products they are selling. it's an issue because it's about our trade and about the customers in that country having to bear the extra cost. whatever the rules that we can fall back on. bear the extra cost. whatever the rules that we can fall back onm is governed by wto, even the e