Brussels open to UK rejoining EFTA

In a recent article on the POLITICO.EU website it was reported that:

“Brussels is contemplating another way to keep U.K. trade going with the EU after Brexit that would also keep Britain under the EU umbrella — go the way of Norway. 

Brussels now has a plan B: The U.K. could temporarily become a member of the European Free Trade Association (EFTA) while both sides transition into their future relationship, a senior Commission official told POLITICO.   Continue reading Brussels open to UK rejoining EFTA

Defying Gravity

How to Defy Gravity?

 

 

“I don’t want it – No – I can’t want it Anymore;

Something has changed within me, something is not the same

I’m through with playing by the rules of someone else’s game.

Too late for second-guessing, Too late to go back to sleep

It’s time to trust my instincts, Close my eyes and leap!

It’s time to try, Defying gravity

I think I’ll try, Defying gravity

And you can’t pull me down!”

  • Wicked the Musical – ‘Defying Gravity’

 

In a recent report called ‘Can Global Britain Defy Gravity?’[1], trade experts Samuel Lowe and Grant Lewis have explored some of the issues which will be faced by Britain post-Brexit.

The report is well worth a read, and we urge you to do so before you continue reading.

The key parts of the report are reproduced below:

“…where leavers and remainers disagree is on the potential benefits that FTAs with non-EU countries offer relative to the cost that would be paid by losing membership of the world’s largest and deepest, multi-country single market. The following paper attempts to analyse whether it is indeed possible to offset the costs of losing Single Market (and Customs Union) membership via FTAs with other countries.  Continue reading Defying Gravity

Response to Barnier speech:

EFTA 4 UK response to speech by Michel Barnier, Chief Negotiator for the Preparation and Conduct of the Negotiations with the United Kingdom

In Brussels, on 22 March 2017 Monsieur Michel Barnier, Chief Negotiator for the EU in relation to Brexit negotiations made a speech which we would like to respond to.

 

Our commentary is in Bold.

____________________________________________________________

 

In the speech he said:

“Mr President, Ladies and Gentlemen,  Continue reading Response to Barnier speech:

Westminster Committee urges return to EFTA

07 March 2017

The International Trade Committee’s first report calls on the Government to publish a White Paper about the possibility of the UK re-joining the European Free Trade Association (EFTA).

rejefta

Read the report here: 

http://www.parliament.uk/business/committees/committees-a-z/commons-select/international-trade-committee/news-parliament-2015/uk-trade-options-beyond-2019-report-published-16-17/

Theresa May’s Speech

The British Prime Minister Theresa May made a speech this week in which she seemed to rule out EEA membership. Does that mean that EFTA cannot feature in the UK’s post-brexit future? We argue the answer is no – it must. tmaybrexit

First off, membership of EFTA means we would be essentially signing a free trade deal with four countries at once. Norway, Iceland, Switzerland and Liechtenstein. 

Secondly, as members of EFTA, we could apply to join their extensive Free Trade network – Currently, the EFTA States have 27 free trade agreements (covering 38 countries). This would at a stroke secure the UK’s post-brexit trading future.  Continue reading Theresa May’s Speech

A New UK-EU Relationship?

‘A New UK-EU Relationship versus the False Certainty of Brexit Sovereignty’-  Dr Nat O’Connor 

Part of the explanation for the British vote to exit the EU is a reaction to the uncertainty and fast pace of change brought about by globalisation. The calls to ‘take back control’ and for the UK to be fully sovereign are a rhetorical expression of this malaise.pieces

Yet, how many countries are truly sovereign in this idealistic way?

 

Once the government of any territory wants to interact—even in a purely transactional way—with other jurisdictions, there must be some level of co-operation, if not compromise, which represents pooled sovereignty.

Of course, either party can disengage at any moment, but the mutual benefit of trade and other forms of interaction tend to outweigh the costs. And so, while control over many areas of domestic policy is always held internally, the notion of pure “sovereignty” can only be expressed negatively, by the act of disengaging and going it alone. Continue reading A New UK-EU Relationship?

Norway open to UK return to EFTA?

Over the last few days, we have read several media reports that say Norway may be softening her views on a possible British return to EFTA. Readers of this page will know that three out of the four current member countries of EFTA have expressed an interest in the UK returning to the Bloc, with Norway as the exception. 

We hope that these reports are accurate and that the British Prime Minister begins informal talks with the EFTA countries as soon as possible, hopefully with formal talks to begin shortly after. 

Norway_flag

Reuters link to story: 

http://uk.reuters.com/article/us-britain-eu-efta-idUKKCN10T1E0

Express link to story:

http://www.express.co.uk/news/uk/701642/Norway-performs-U-turn-over-Brexit-and-hints-it-will-now-WELCOME-Britain-to-EU-trade-club