British Prime Minister Boris Johnson recently lamented the diminishing prospects of a Deal on the Canadian model in the ongoing Brexit negotiations and said: “After 45 years of membership, they are not ready. provide this country with the same conditions as Canada. And so we will prepare ourselves with a lot of heart and confidence to accept the alternative. On his current Brexit blog, Michael Jackson, Matheson`s managing partner, explores why Britain has continued to identify a Canada-wide deal as the preferred outcome of trade negotiations. how this responds to the status quo of EU membership; and what is the Australian alternative that the UK has said it is ready to adopt instead of the Canadian model? Ceta eliminates most customs duties (these are import taxes) on goods traded between the EU and Canada. Tariffs on poultry, meat and eggs are maintained. The services sector, and in particular the financial services sector, is essential to the UK economy, particularly the financial services sector. In December 2017, David Davis, Brexit minister, called for a “Canada plus plus plus” agreement to “achieve a cross-cutting free trade agreement, but including services that Canada does not have.” However, the UK government also intends to conclude a comprehensive services agreement, as it represents a significant part of the UK economy. “We have made it clear that we are looking for services to host and I think the political declaration implies that as well,” Johnson`s spokesman said friday. EU trade director Phil Hogan has already hinted that at the end of the negotiations, access to financial services could be one of the compromises, for example for fishing rights.

The EU does not have a free trade agreement with Australia. They are in negotiations, but they are currently working mainly according to the rules of the World Trade Organization (WTO). Johnson has repeatedly stressed that he is seeking a “Super Canada Plus” deal with the EU rather than a closer economic partnership.