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jonbxx · 01-06-2016, 13:06

It depends on whether you want a free trade agreement with no or limited tariffs (you mentioned South Korea - the EU has an FTA for most but not all products) or a customs union which is a free trade agreement with harmonised external tariffs.

FTAs can cover all products or some. I think the sticking point of an FTA after Brexit would be financial services and agriculture (Frankfurt and the French farmers might have something to say about it) Switzerlands FTA does not cover financial services well and Norways does not cover fisheries for example.

01-06-2016, 13:06	#2404
jonbxx cf.mega poster Join Date: Jan 2004 Location: #Plagueisland Age: 54 Services: VM VIP Pack Posts: 1,712	re: [Update] The UK votes to leave the EU It depends on whether you want a free trade agreement with no or limited tariffs (you mentioned South Korea - the EU has an FTA for most but not all products) or a customs union which is a free trade agreement with harmonised external tariffs. FTAs can cover all products or some. I think the sticking point of an FTA after Brexit would be financial services and agriculture (Frankfurt and the French farmers might have something to say about it) Switzerlands FTA does not cover financial services well and Norways does not cover fisheries for example.