Wednesday, July 27, 2016

''Single market access from outside the EU: three key prerequisites'' BRUGHEL

While the UK’s strategy toward access of the EU single market after Brexit is unclear, the experience of the four non-EU countries having access to it suggests that the conditions of access may involve:
  • Sizeable net financial contribution to the EU budget (Norway pays similar amounts to current UK payments in relative terms, though Switzerland and Liechtenstein pay surprisingly small amounts.);
  • Sizeable net inflow of EU workers and their families (relative to population, all four non-EU countries received about twice as many EU immigrants as the UK);
  • The adoption of a very large share of EU regulations – without a voice in influencing them.
None of these elements may look attractive to those who campaigned for Brexit.

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