The Future of the EU

The EU and in fact whole globe, is now caught up in the  “Greek Tragedy”, will they, or won’t they stay?  Nearer home,  the UK Government is mumbling about staying in a ‘reformed’ EU, reformed of course in the interest of the UK.

As Brussels has declared ‘dream on UK’.

The basic precepts of the free movement of goods, services, people and money will NEVER change as these are not on the table for discussion.

If we have a referendum within two years  in the UK, it would place us in a very precarious position.  The EU could make minor concessions in order to keep the UK in the European Union.

The general opinion  seems to be that parts of the EU legislation is good for the UK and we would be happy to hold on to a few of the basic precepts, namely the free movement of  goods and services as well as money. The free movement of people is however, too contentious to discuss in this blog.

Just a thought, if we do eventually leave the EU, why not become a preferential trading partner with the EU? We would  still  maintain working  commercial relationships with our current trading partners in the EU  and also allow us  to seek new partners on a level playing field with  other EU members.

Take Turkey as an example of an Preferential Trading partner with the EU,

Turkish manufactures trade with EU  member states under advantageous conditions.  They can supply EU member states with DUTY FREE goods. This arrangement is reciprocal so it’s a win-win situation and Turkey is not burdened with other EU regulations.

On our own, we could still trade with the EU as a Preferential Trading partner and our goods would remain competitive.

There is a down side to all this, we would not be part of the legislative process of the EU but is that such a bad thing?

I’m old enough to remember when we were members of EFTA , and the duty-free movement of goods to fellow EFTA members . We survived!!!!

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