How will our industries be affected? Trade

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

A large part of the purpose of the EU is the Single Market and Customs Union. This is essentially a free trade area in Europe, with no internal tariffs, and with common standards and regulations that serve to minimise non-tariff barriers to trade. Non-tariff barriers are practices and rules like restrictive government procurement procedures, state aid, product standards, consumer protection rules, health & safety rules, and other administrative requirements. Although these practices and rules could be motivated by a valid need, they are barriers to trade because they have the effect of excluding non-domestic firms from a particular market. The EU’s Customs Union involves the application of a common external tariff on all goods entering the European market. The EU is itself a member of the World Trade Organisation (WTO) and as the EU is a single customs union with a single trade policy and tariff, the European Commission speaks for all EU member States at almost all WTO meetings.
Original languageEnglish
Title of host publicationBritain’s Decision
Subtitle of host publicationFacts and Impartial Analysis for the EU Referendum on 23 June 2016
Pages90-94
Number of pages5
ISBN (Electronic)978-0-9932780-1-3
Publication statusPublished - Apr 2016

Keywords

  • EU referendum
  • single market
  • customs union
  • free trade3
  • internal tariffs
  • non tariff barriers

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