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What a canada-style free trade deal would really mean for the uk economy
EU chief Brexit negotiator Michel Barnier has said the UK is likely only to get a trade deal with the EU “along the same lines” of what the EU has concluded with Canada, South Korea and Japan. He said that the UK’s own “red lines” on Brexit no freedom of movement, no jurisdiction for the European Court of Justice, the right to sign independent UK trade deals with third countries, etc ruled out anything more extensive. But what would this kind of deal entail? And what would the implications be for the UK economy? What sort of deals do Canada, South Korea and Japan actually have? The EUSouth Korea freetrade deal was concluded in 2009 and came into force partially in 2011. It is essentially a tariffreduction trade deal covering goods such as cars, textiles, electronics, chemicals and some agricultural products. It is described by the EU as the bloc’s most ambitious overseas trade deal so far. The deal also relaxes Korean foreign ownership rules in telecoms, and liberalises rules on enviro...

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