Pirates or Traders?
Now the UK has sailed out from the EU trading region, one of 22 World Regions and Trading Organizations that I can find, to sail by ourselves in the seas of world Trade we have to consider our future. Are we to sail alone under WTO rules with the EU as Boris suggests? Or join a new fleet?
How many countries sail under WTO rules with the EU?
First let’s answer the question of just, How many countries Trade with the EU under WTO rules alone? This is a difficult one to answer. Depending on who does the calculations, it is either ONE (Mauritania) or Fifty-Eight. Whichever is correct, it’s a very small amount of Trade.
A suggested alternative
Some people suggest we should join another such grouping of nations such as the EFTA (European Free Trade Association). However, a growing number of politicians seem to want, to form a new Trading Group. The CANZUK.
The CANZUK family
CANZUK stands for Canada, Australia, New Zealand and the United Kingdom. Four countries on the opposite ends of the world but with a common language, values, and governmental systems. Also all still belonging to The Commonwealth.
Would it work?
Certainly there are many similarities with these four countries. Economically, culturally, and educationally. Free movement of people to work would benefit everyone. I like the idea, but whatever, expect to hear a lot more about CANZUK in the coming years.
Some of the articles I have found regarding CANZUK.
The Comments section has been opened on this Post as an experiment and I would welcome your comments / feedback on the above.
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