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Mutual commercial self-interest would ensure that trade between the EU and a post-withdrawal UK would be as free, if not more free, than it is at present, because:-

Of the £426 billion of all UK imports (goods, services, income and transfers) in 2002, no less than £391 billion, or 92 per cent, were tariff-free.

Of the £232.7 bn value of total UK imports of goods from the world (EU-14 and outside the EU) in 2002, no less than 85 per cent (£198.1 bn) bore a zero tariff.


Download Briefing Note: BN#34

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