What is the Canada+++ model?
David Davis (head Brexit negotiator for the UK) has said he wants a Canada+++ model for our future trade agreement with the EU. Here’s the Simple Politics guide to exactly what that is.
CETA (Comprehensive Economic and Trade Agreement), is a free trade agreement between Canada and the EU. It aims to remove roughly 95.5% of tariffs between Canada and the EU states although some remain on items such as food and agriculture. In essence, Canada gains access to the single market without needing to oblige by EU laws or having to contribute to the EU budget. However, products from Canada must comply with EU product standards. The UK would look to get a deal with more access to the single market in areas which would benefit the UK economy. It would be willing to pay into the budget to ensure access to certain sectors of the market. A Canada+++ deal would benefit the UK's financial, aviation and energy markets where a normal Canada set-up wouldn't. Simple Politics.
