“From purely a trade perspective, EU membership remains the best option for the UK. All the alternatives come with major drawbacks, and would all … require negotiation with and the agreement of the other member states, which would come with unpredictable political and economic risks,” The Guardian quoted a report by the influential Open Europe think tank as saying.
The think tank rejected comments by eurosceptics that Britain can keep selling 48 percent of its goods and services to the EU even if it pulls out of the union.
It said the EU “economic stagnation” means London should seek other export targets outside Europe and negotiate its current relationship with the union which does not mean that Britain should withdraw its membership in the union.
“Given the growing public hostility to the EU and events in the eurozone, the status quo isn’t an option,” Open Europe director Mats Persson said.
“ Therefore, it is in the UK’s interests to stay in the EU but renegotiate a new model for membership founded on a continued commitment to EU-wide trade but substantially less EU involvement in other areas,” Persson added.
The report comes as Conservatives, whose party is the senior coalition partner in the British government, are increasingly backing a report by Lord Owen that calls for a referendum to rid itself of the formal structures of the EU and keep its ties with the union within a looser European community.
Open Europe report suggests several alternatives to the current full membership in the EU including a Norway model as a member of the European Economic Area, a Swiss option of a free trade deal with the EU that should be negotiated and a Turkish option “in which Britain would have access to the single market but would be bound by external trade deals agreed by the EU.”
AMR/MA/HE
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