An Economic Analysis of a Troubled Relationship, Second Edition
Chapter 4: The cost of EU trade policies for the UK
In Part II of this book we will review rather thoroughly the latest statistics on trade and protection for agriculture, manufacturing and services. In this chapter we attempt to pull the threads together and make an estimate of the overall costs to the UK of the EU’s trade arrangements, which can be broadly described as a customs union for manufactures together with an elaborate and expensive system of protection for agriculture. As for services, there is no EU trade policy but merely a continuation of national systems of protection; whether we are in the EU or out of it, this remains the same and so we disregard services in our calculations.
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