Canada-style deal

There has been a lot of talk about the 'benefits' of our agreeing to a 'Canada-style' deal.

I asked on another thread if anyone can explain to me, in simple terms, all the pros and cons of our accepting a Canada-style deal.

The one person who did respond claimed to know the details, but was unwilling (or unable?) to offer an answer.

I wonder whether anyone here really does know?

Re: Canada-style deal

Near customs free trade, no tariffs on most goods after 7 years. But there are exceptions if you do not satisfy health and safety so certain goods would be blocked. But there's no payment or ECJ. So from a Brexit POV it's heaven on a stick.

Re: Canada-style deal

Apparently it took seven years to negotiate. I thought it was nine. But they are still bottoming out details on some goods and there's no financial passport.

Re: Canada-style deal

Thank you, Annie.

No tariffs on most goods after 7 years.

Presumably 'most goods' could be disadvantageous to us, depending what the goods are. Then there is the matter of 'services' which, I understand, is one of our most important exports.

I understand that it took seven years to agree the Canada deal and, moreover, there are still some details to be ironed out. Does it mean that if we agreed to such a deal we would continue paying handsomely into the EU coffers for such a length of time?

Re: Canada-style deal

No 'financial passport' may be disadvantageous for us, though I'm afraid I don't understand all the consequences of this.

One unanswered question that occurs to me is, if we agreed to a Canada-style deal, would we be obliged to continue to allow free access of EU citizens? To me, that would be a definite deal breaker.

Re: Canada-style deal

Hi

No more EU Payments, no more free Movement.

It is a standard WTO Trade Deal with a few bells and whistles.

WTO Rules do not include services, which are 80% of our exports to the EU.

A Canada Deal would protect manufacturing jobs.

Re: Canada-style deal

Presumably the "augmented" Canada model includes a financial passport?

Re: Canada-style deal

Yes if we want to protect business as usual. Think of it as an invest to save.

Re: Canada-style deal

That would certainly be acceptable, although I assume we would continue to pay the EU and accept free movement for the (possible) seven years time it would take to set up the deal?

That would be unacceptable as far as I'm concerned.

Add to that the situation where services would not be part of the free-trade deal (I am assuming), then a Canada deal would not be to our advantage at all.

I'd rather walk away, trade under WTO rules and make the best of it. I am confident that non-EU countries (and quite possibly some EU countries) would wish to trade with us on a mutually beneficial basis.

Re: Canada-style deal

I thought EU countries could not trade separately from the EU? our non EU trade deals are via the EU. That's why Lagarde said we have 63 trade agreements to sort by 31st march.