Home' Policy Magazine : Policy Vol 32 - No 4 Contents 34 POLICY • Vol. 32 No. 4 • Summer 2016--2017
THE ART OF THE POLITICALLY POSSIBLE
Ultimately a more geo-strategically oriented
framework of FTAs could lead to ambitious
schemes such as James C. Bennett's Canzuk or even
Canzukus. is would add military co-operation,
liberalised migration rules and other co-operative
measures to free trade with Canada, Australia, New
Zealand and, in time, Singapore and perhaps India
(the di culties of making trade deals with India
is revamped Western alliance could also
involve the United States. As with Canada and
Australia, the US and the UK share common law
and liberal market values. is could a ord the basis,
in conjunction with Commonwealth countries,
not only for evolving economic linkages but also
geopolitical ones, in terms of a shared language
(English) and a political culture based on sovereign
institutions and the rule of law.
Post-referendum UK has opened a Pandora's box
that requires careful handling if Brexit is to fashion
a positive global event rather than an extended
damage limitation exercise. Examining the options
for unilateral free trade and free trade agreements
suggests that some version of the developing Asian
FTA model o ers the UK an environment in which
to embrace global market prices rather than the
regulatory-intense environment of Europe. In this
context, the fact that English is the language of
international trade and business---and that the UK
can draw upon its Anglospheric connections with
the US, Canada, India, Singapore, Australia and
New Zealand---means that the UK already enjoys a
comparative advantage in dealing on a global rather
than a regional basis.
1 Brendan Simms argues that the European Union su ered
from being more concerned, after Maastricht, with the
process of union rather than union itself. See Brendan
Simms, Britain's Europe (London: Penguin, 2016), 229.
2 Switzerland---which is not a member of the EU or EEA but
enjoys special access to the single market---faces similar EU
intransigence over free movement. See 'Swiss Climbdown
Over Free Movement May Deal Blow to UK Hopes', e
Guardian (22 September 2016).
3 Michael Savage 'Hard Brexit Would Cost the EU £8billion
a Year More an Britain' e Times (24 October 2016).
Although the EU and Canada rati ed the CETA Treaty
on 30th October, 38 national parliaments need to ratify
it before it comes into full force. See https://www.
6 'Sterling's Slump signals a warning not a boon'. The
Financial Times 15 October 2016
8 Matthew Parris, 'We're Heading for the Biggest Crisis Since
Suez', e Times (15 October 2016).
9 Sam Coates and Oliver Wright, 'Hard Brexit Could Cost
£10bn in Lost Taxes', e Times (27 September 2016);
Henry Ze man and Bruno Water eld, 'Trade Talks Could
Land Britain with Big Fine from EU, The Times (19
10 Matt Ridley, 'Golden Opportunity for a Free Trade
Bonanza', e Times (3 October 2016).
11 Liam Halligan, 'Hard Brexit is the Best Way to Fight Global
Protectionism', e Daily Telegraph (2 October 2016).
12 Quoted in Oliver Wright, 'Brexit Will Boost Britain:
German Business Chief ', e Times (27 September 2016).
13 Patrick Minford, 'Evaluating European Trading
Arrangements', in Patrick Minford and J. R. Shackleton
(eds) Breaking Up Is Hard To Do, Britain and Europe's
Dysfunctional Relationship (London: Institute of Economic
A airs, 2016), 140.
14 Chancellor George Osborne proposed reducing the tax
to 15% before the referendum Corporate tax rates in
Germany are 30% and 33% in France. See Tim Shipman,
' reat of UK Tax Cut Staves O Hostile EU', e Sunday
Times (23 October 2016).
15 John C. Hulsman, 'Reviving the Age of Drake: How a
Global Free Trade Alliance Can Transform the UK', in
Ralph Buckle et al, Brexit: Directions for Britain Outside
the EU (London: Institute of Economic A airs, 2015),
16 Even the new minister for Brexit, David Davies, considers
such a 'brutal Brexit' would send the UK economy 'over
the cli '. See Shipman, ' reat of UK Tax Cut' (note 14).
17 Bonnie Glaser and Deep Lal cited in Benjamin Schreer,
'Should Asia be Afraid?: China's Strategy in the South China
Sea Emerges', e National Interest (20 August 2014), 2.
18 e four ASEAN states are Singapore, Brunei, Malaysia
and Vietnam. e three South American states are Mexico,
Peru and Chile.
19 See trademinister.gov.au/releases/2012/ce_mr_121120.
20 See Richard McGregor, e Party: e Secret World of China's
Communist Rulers (London: Penguin, 2012), 53
21 According to the World Bank, see http://data.worldbank.
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