Four Mod­els for Bri­tain’s Fu­ture

Bloomberg Businessweek (Asia) - - BREXIT -

① Nor­way has ac­cess to most of the EU’s sin­gle mar­ket. But its agree­ment re­quires customs checks, con­tri­bu­tions to the EU bud­get, and the free move­ment of peo­ple from EU coun­tries—which Brits have said they don’t want.

② Switzerland’s ar­range­ment with the EU is sim­i­lar to Nor­way’s but with­out equal ac­cess to the EU’s sin­gle mar­ket. It’s in the Schen­gen Area, which al­lows for bor­der­free travel even of peo­ple not from EU coun­tries.

③ Turkey isn’t tech­ni­cally a mem­ber of the EU Customs Union. It has a sep­a­rate deal with the EU al­low­ing for tar­iff-free trade of most goods. Turks can’t travel freely in the EU and have no say on its laws and reg­u­la­tions.

④ Canada is in the fi­nal stages of a free-trade treaty with the EU that keeps tar­iffs on some man­u­fac­tured goods and keeps quo­tas on some Cana­dian farm ex­ports.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.