In the paper, it's shown that the UK can do well in global trade without needing specific trade deals. Trade agreements often just shift trade, not benefiting much overall. The UK does fine with independent trade as it can trade with other nations if some close their doors. Even though some might think being part of big trade agreements is necessary, in reality, the UK can thrive on its own in the world market. Trading in services within Europe isn't heavily influenced by agreements, hinting at the possibility of success in trading without them. Being an "unimportant" player in the grand scheme of global trade has its perks, as protectionism by others doesn't greatly affect the UK in the long run, allowing it to adapt and trade elsewhere as needed.