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Explains.pdf

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📊 Size: 196 KB
📄 Pages: 2 pages
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Summary

An EU-UK free trade agreement will result in new barriers to trade and border friction even if the UK chooses to unilaterally align itself with EU rules and regulations, as the EU will treat British exports as if they came from any other non-EU country. The UK's ability to diverge from EU rules will lead to increased regulatory controls, paperwork, and inspections, regardless of whether the UK actually diverges or not. Unilateral alignment with EU rules may avoid dual production standards, but it will not reduce regulatory barriers to trade. The EU may grant exceptions in areas like financial services and data protection, but these can be unilaterally withdrawn. The UK's decision to prioritize flexibility over economic interests may come with significant costs, and gaining flexibility without intention to use it can be a costly exercise.

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An EU-UK free trade agreement will result in new barriers to trade and border friction even if the UK chooses to unilaterally align itself with EU rules and...

Technical Information

  • File Format: PDF
  • File Size: 196 KB
  • Pages: 2
  • Language: EN
  • Total Downloads: 91
  • Last Updated: 7 days ago

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