Some of the benefits of leaving the EEA and Customs Union and entering a new trade deal include:
- Improving the UK's domestic economic environment
- Making trade deals with countries bilaterally
- Improving the global rules by taking a more active role in the WTO and other global bodies
Shanker wrote that, "other countries are looking at the UK as being a potential partner whose attraction is not only its size, but also the fact that we would be more open than the EU with respect to out regulatory structure and domestic environment. If we are merely identical to the EU but smaller, we will not be a particularly attractive partner."
He concluded by saying, "policymakers should not be surprised, if they choose to remain in the Customs Union, EEA or EEA agreement for any length of time, that our trading partners will choose other players to dance with."
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