Trade experts give evidence on the UK's options for Brexit
8 September 2016
On 8 September the EU External Affairs and EU Internal Market Sub-Committees will hold a joint double evidence session launching their new inquiry “Brexit: future trade between the UK and the EU”.
- Parliament TV: Brexit: future trade between the UK and the EU
- Inquiry: Brexit: future trade between the UK and the EU
- EU External Affairs Sub-Committee
Thursday 8 September in Committee Room 4A, Palace of Westminster
- Prof. Piet Eeckhout, Professor of EU Law, University College London
- Mr Richard Eglin, Senior Trade Policy Advisor, White & Case LLP
- Mr Raoul Ruparel, Co-Director, Open Europe
- Dr Markus Gehring, Lecturer, University of Cambridge
- Mr Luis González García, Associate Member, Matrix Chambers
The first evidence session will focus on the UK's position in the World Trade Organisation (WTO) after Brexit. Witnesses will focus on how the UK will renegotiate its individual membership terms of the WTO. Questions include:
- What happens if the 2 year time limit for negotiating the UK's withdrawal from the EU under article 50 lapses before the UK has renegotiated its WTO membership terms?
- What would be the costs and benefits of relying on WTO terms for trade with third countries and with the EU?
- What are the contentious issues for other members of the WTO to the UK renegotiating its membership terms?
The second evidence session will discuss whether a free trade agreement (FTA) could form the basis for future trade between the UK and the EU. Questions include:
- What would negotiating an FTA between the UK and EU involve? How long would it take?
- What sectors can and cannot be accommodated within an FTA?
- How would an FTA compare to access to the Single Market through EEA membership?
- Whether existing EU FTAs with third countries will apply to the UK after Brexit?
- Would an EU-UK FTA constrain the UK's ability to negotiate FTAs with third countries?
- Could signing FTAs with high growth markets offset the impact of reduced EU market access?