UK trade options beyond 2019 Contents


Terms of Reference


1 Introduction

2 Establishing the UK’s position at the WTO

WTO membership

WTO schedules

Bound tariffs

Quantitative adjustments

Risk of political obstructionism


Other issues

Government Procurement Agreement

Trade defence instruments

Parliamentary scrutiny

Conclusions and recommendations

3 “Deal”—a UK Free Trade Agreement with the EU

Concluding a trade agreement by


Legal possibility

Practical feasibility

Potential features of a UK-EU FTA

Trade in goods

Trade in services in general

Trade in financial services

Inward investment

Dispute resolution

“Customs arrangements”

Purpose of rules of origin

Impact of rules of origin on UK-EU trade

Government policy

Sectoral customs union

Transitional arrangements

Conclusions and recommendations

4 “No deal”—Trading under WTO rules alone


Unilateral options

Consequences for British exports to EU

Impact of MFN tariffs

Impact of non-tariff barriers on trade in goods

Impact of barriers to trade in services

Overall impact

Dispute resolution

Contingency planning

Conclusions and recommendations

5 UK Free Trade Agreements with non-EU countries


Timing and sequencing of negotiations

“Grandfathering” EU FTAs

Re-joining the European Free Trade Association

Capacity of DIT to undertake negotiations

Prioritising FTAs

Large and growing markets

The Commonwealth

Plurilateral agreements

Conclusions and recommendations

Conclusions and recommendations

Annex 1: Terms of Reference

Annex 2: The EU Single Market

Formal Minutes


Published written evidence

6 March 2017