18 May 2018 Julia Magntorn is Research Officer in Economics at the UKTPO. While Theresa May and her cabinet are trying to agree on whether to back the maximum facilitation proposal or the customs partnership, another option, nicknamed the ‘Norway option’ which would see the UK remaining a member of the European Economic Area (EEA), has made a comeback in the Brexit debate. […]
29 March 2018 Dr Ingo Borchert is Senior Lecturer in Economics and a fellow of the UK Trade Policy Observatory and Julia Magntorn is Research Assistant in Economics at the Observatory. With one year to go until the UK will leave the European Union (EU), sorting out Britain’s trade relation with the EU is the most important task. Yet the design of the future UK-EU agreement has implications for trade policy towards non-EU countries. On account of this, the British Prime Minister in her Mansion House speech ruled out forming a new customs union with the EU because this “would not be compatible with a meaningful independent trade policy.” Indeed, having sovereignty over its external trade policy post-Brexit has been at the forefront of the UK’s negotiation agenda, and consequently, the provision in the current draft Withdrawal Agreement that the UK may commence Free Trade Agreement (FTA) negotiations with other countries during the transition period was perceived as an important concession won. […]
22 March 2018 Julia Magntorn is Research Assistant in Economics at the UKTPO and L. Alan Winters CB is Professor of Economics and Director of the Observatory. The European Union is likely to reject a significantly enhanced version of its Canada trade deal for the UK after Brexit. Our in-depth analysis of the Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada concludes that the EU’s commitment to the Single Market is so deeply ingrained that a substantial loosening of the rules for the UK would be politically impossible. The EU may agree to some exceptions but these would fall far short of a bespoke deal and would be a poor substitute for the Single Market, say the report’s authors Julia Magntorn and L. Alan Winters. […]
Briefing Paper 18 – March 2018 Download Briefing Paper Julia Magntorn and L. Alan Winters Key Points Introduction What Does CETA Achieve on Services? The Most Favoured Nation Clause Methodology EU Services Liberalisation in CETA CETA Compared to WTO Regimes What Would CETA+++ Offer in Services? How Many Pluses: Can the UK Improve on CETA? Conclusion Further Information […]
In the search for a framework for a future UK-EU trade relationship, the Comprehensive Economic and Trade Agreement between the EU and Canada (CETA) has come under the spotlight. To inform the debate surrounding a potential ‘Canada plus’ model for the UK post-Brexit, this briefing paper provides an overview of the extent to which the EU restricts imports of services from Canada under CETA. The authors identify areas where ‘pluses’ may help to preserve existing levels of services trade between the UK and the EU post-Brexit, and discusses whether these are achievable. Further, the extent to which the EU’s commitments in CETA improve on pre-existing regimes is evaluated by comparing the degree of liberalisation in CETA with the EU’s prior commitments in the GATS. Read Briefing Paper 18 – Can CETA-plus solve the UK’s services problem?
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