What could the future trade relationship look like between the EU and UK?

The video discusses the complexities of Brexit, focusing on trade agreements and the potential impact of the UK leaving the EU. It explores the idea of the UK remaining in the European Customs Union, similar to Turkey, to avoid tariffs on goods. The video also addresses the challenges of the Irish border and the need for regulatory alignment. Alternatives like Common Market 2.0, which allows the UK to strike its own trade deals while remaining in the single market, are considered. The discussion includes the trade-offs between prioritizing trade with European neighbors versus global markets.

What is the main benefit of the UK remaining in the European Customs Union?

• Freedom of movement for UK citizens

• Complete independence from EU regulations

• Tax-free movement of goods across Europe

• Ability to sign individual trade deals

Why is a customs union not sufficient to solve the Irish border issue?

• It does not eliminate the need for a legal border

• It requires the UK to remain in the EU

• It does not allow for tax-free movement of goods

• It prevents the UK from trading with non-EU countries

What is a key requirement for the UK if it adopts the Common Market 2.0 model?

• Opting out of the European single market

• Accepting freedom of movement

• Joining the European Customs Union

• Eliminating all trade tariffs

Which country is mentioned as having a trade agreement with China while not being in a customs union?

• Norway

• Iceland

• Turkey

• Sweden

What is the main trade-off for the UK in choosing between trade with neighbors and global markets?

• Higher tariffs on European goods

• Increased EU budget contributions

• Prioritizing fast-growing markets over nearby ones

• Loss of freedom of movement