Post Brexit options for future UK trade examined by Committees
13 September 2016
The EU External Affairs and EU Internal Market Sub-Committees hold a joint double evidence session on their inquiry "Brexit: future trade between the UK and the EU".
Thursday 15 September in Committee Room 4A, Palace of Westminster
- Dr Ulf Sverdrup, Director of the Norwegian Institute of International Affairs
- Dr Peter Holmes, Reader in Economics, University of Sussex
- Professor John Manners-Bell, Chief Executive, Transport Intelligence Ltd and Honorary Visiting Professor, London Guildhall Faculty of Business and Law
- Dr Christos Tsinopoulos, Senior Lecturer in Operations & Project Management, Durham University
The first evidence session focuses on the European Economic Area (EEA), European Free Trade Area (EFTA) and the Customs Union after Brexit. Witnesses focus on their strengths and weaknesses relative to the UK's interests, and what the implications of each option might be for the UK's future trade with both the EU and third countries. Questions include:
- What the key benefits and drawbacks of being in the Customs Union, as a non-EU country?
- If the UK remained inside the Customs Union, would it be able to negotiate free trade agreements (FTAs), or bilateral agreements, with third countries on sectors excluded from the Customs Union (e.g. services)?
- To what extent does the EEA Agreement provide full access to the Single Market? Which sectors are accommodated and which are not? What would be the main advantages and disadvantages of this arrangement for the UK?
The second evidence session discusses the most important issues UK-based businesses face in relation to their supply chains post-Brexit. Questions include:
- What will be the impact of Brexit on the supply chains of the UK's (non-financial) services industry and UK manufacturers?
- Which elements of the UK's relationship with the EU would be most important to retain or lose?
- What would be the best scenario for the UK's supply chains or value chains post-Brexit and what would be the worst?
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