Boris Johnson has long made clear that he wants to strike a post-Brexit deal similar to the one the EU has with Canada.
In a speech in London on Monday, the prime minister is expected to map out his demands for the upcoming negotiations with Brussels and confirm he is seeking to mirror the Canada free-trade agreement, according to the Times.
POLITICO guides you through the main questions surrounding such a deal.
Why didn’t anyone think of this before?
They did. On the European side, EU Brexit chief negotiator Michel Barnier offered Canada as a scenario in the now-famous “Barnier slides” of 2017. When all the options that transgressed Britain’s red lines (e.g. free movement) were put aside, Canada was pretty much the only model left.
Johnson has stressed several times that he’s looking for a “super Canada-plus” agreement with the EU rather than a closer economic partnership. “When they say Canada, they don’t mean literally Canada. They mean an equivalent balance of access and obligation,” Sam Lowe, a senior research fellow at the Centre for European Reform, said.
What would this mean for trade in goods?
The access that comes with the EU’s deal with Canada – which is in the same ballpark as its deals with Japan and South Korea – allows for almost tariff-free trade in goods. More precisely, CETA removes duties on 98 percent of products that the EU trades with Canada. Customs duties for almost all goods will be removed within seven years. But although it slashes tariffs, the export of food is still restricted by quotas and phytosanitary controls. Also,