The Institute for Government concludes that ‘the only option that preserves the status quo is the status quo’ in a report examining potential options for trade with the EU after Brexit.
The Institute for Government concludes that ‘the only option that preserves the status quo is the status quo’ in a report examining potential options for trade with the EU after Brexit. The report, ‘Frictionless Trade: What Brexit means for cross-border trade in goods’ (see http://bit.ly/2uT7TLL), says none of the options considered would mean complete avoidance of disruption to supply chains and all would require trade-offs.
Remaining in the single market is the option that would lead to the least impact on supply chains. A free-trade agreement would need to be of sufficient breadth and depth to ensure that supply chains are not impacted. Trading entirely on WTO terms with no side agreements would introduce disruption well in excess of the costs of tariffs on manufactures, the report argues.
The Institute for Government concludes that ‘the only option that preserves the status quo is the status quo’ in a report examining potential options for trade with the EU after Brexit.
The Institute for Government concludes that ‘the only option that preserves the status quo is the status quo’ in a report examining potential options for trade with the EU after Brexit. The report, ‘Frictionless Trade: What Brexit means for cross-border trade in goods’ (see http://bit.ly/2uT7TLL), says none of the options considered would mean complete avoidance of disruption to supply chains and all would require trade-offs.
Remaining in the single market is the option that would lead to the least impact on supply chains. A free-trade agreement would need to be of sufficient breadth and depth to ensure that supply chains are not impacted. Trading entirely on WTO terms with no side agreements would introduce disruption well in excess of the costs of tariffs on manufactures, the report argues.
