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The new #Brexit deadline is less than 
hours away.
Boris Johnson says there is a "strong possibility" that 
will leave 
with a relationship more like the Australia-EU than Canada-EU...
So what does this mean?Thread.
The EU-Canada signed trade deal CETA in 2016 which removed 98% of tariffs between them - but took 8 years to finalise.What would the UK get from a deal like this?
Negotiate its own trade deals
Control its own migration laws
Stop paying contributions to EUBut...
Canada deal would still place significant barriers between EU and UK compared to the previous relationship:
No free trade (but fewer tariffs than WTO terms)
No financial passport
No removal of quota on exports
No free trade (but fewer tariffs than WTO terms) No financial passport No removal of quota on exports
However, the UK Prime Minister Boris Johnson now says the UK and EU "will have a solution that's much more like an Australian relationship with the EU than a Canadian relationship"
So what would an 'Australia-style' deal look like? EU-Australia Partnership Framework was signed in 2008 to increase cooperation in areas like:
Investment
Aviation
Food certification Security
But EU-Australia trade operates on rules very similar to WTO terms, meaning tariffs and quotas for the UK.
Australia are currently trying to negotiate a trade deal with the EU.
Former Australia PM warns Johnson to "be careful what you wish for".
Is 'Australia-style' solution just another way of saying 'no-deal Brexit'?
Former Australia PM warns Johnson to "be careful what you wish for". Is 'Australia-style' solution just another way of saying 'no-deal Brexit'?
