By lara keller (last updated 2nd February 2017)

The people of the UK are being fed the line that the EU will want to protect it’s extensive exports to the UK after Brexit, so it will be keen to provide a trade deal that allows it the current high level of UK exports to the EU. The problem with this is that UK has left the European Customs Union so EU tariffs against World Trade no longer apply. This is good if you wish to negotiate bilateral trade deals with non European countries. But this means that the UK must allow non-European countries low or no tariff access to the UK markets. So Europeans will have to accept falling exports to the UK, while the UK exports freely to Europe. While other European countries demand the regulation free advantage that the UK will then have. This is wishful illogicality.


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