Short Brexit Facts 1: Timescale
Time for some VERY VERY short-form facts about Brexit.
Fact 1: If we leave the EU, it will take 4 years or more to put a Free Trade Agreement in place, if one is possible.
That’s one of the reasons that our economy’s expected to have a tough time after Brexit, if it happens.
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Supporting facts:
- EU FTAs with Canada, Singapore took 5 years. EU FTA with Ukraine took 8 years. EU FTA with South Korea took four-and-a-bit years. EU FTA with Chile took 3-and-a-bit years. EU FTA with Mexico took 4 years.