The Canada, Australia Models for Post-Brexit Trade and What They Mean for Britain

With the end of the U.K.’s Brexit transition period on Dec. 31 fast approaching, Prime Minister Boris Johnson has told the European Union the U.K. intends to exit the bloc with a deal similar to Canada’s or its setup with Australia – in reality a catch-all term for World Trade Organization terms. Following a lack of progress at the EU leaders’ summit on Oct. 15, he said he had concluded that a Canada-style deal wasn’t on offer and that the U.K. should prepare for arrangements “that are more like

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