OK in order to try to get an idea of what the UK may look like after our exit from the EU, I have looked at those models in existence where European countries are outside the EU but still wish to trade with and have some sort of relationship.
Norway. Member of EEA other members are Iceland and Lechestein (sp.).
All of these countries have chosen not to participate in Brussels decision making, but require access to the single market.
Agreement was reached with the EU over this access and the following is what the model looks like
1. Does not participate in any Brussels decision making, but must abide by approx. 3/4 if all EU legislative action in new legislation.
2. Has had to accept free movement of people, goods and services as well as capital. Indeed Norway etc. Is more integrated than some other member states e.g. UK as they do not have a veto.
3. They are subject to Schengan resulting in a higher immigration than the UK.
4. In order to gain access to the single market they must retain all product standards, financial regs, employment regs, and contribute to the EU budget.
Norway's membership fee is the 10th highest in the EU, at €100 per person pa. The UK pays at present €180. But you must ask yourself whether, as we are a wealthier country than Norway our contribution will be higher.
5.Since its referendum Norway has implemented 6000 EU acts
7. There is full cooperation covering R&D, education and social policy, environment, consumer protection and tourism and culture
8. The EEA is outside the Customs, agriculture and fisheries. Rules of origin for VAT purposes will change and all the impediments relating to customs control will be implemented
9.Most global companies are reluctant to reach a trade agreement with these EEA countries unless they have an agreement with the EU.
The Switzerland model is similar but more complicated. No other model exists.
