Michel Barnier necessitates Britain to re-join the EEA — at a price
The Frenchman is believed to be pushing for a Norway-style angle for the UK, in which it will pay to retain access to the EU’s free trade zone.
Norway is not a associate of the EU, however it is allowed to trade in the European Economic Area (EEA) in exchange for a fee.
This pay-to-trade position will see Oslo send Brussels a staggering £1.2 billion for a seven-year space from 2014 to 2021.
In exchange they are able to trade tariff-free within the bloc, which squares up a huge proportion of Norwegian trade.
Membership of the EEA also requires states to carry out some EU laws without being allowed to take part in contemplations or votes on them.
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Norway is a member of the Schengen Area, and agrees to the free downward movement of people from elsewhere in the bloc.
The country is also unable to ticket on which countries join the EU in the future.
Nigel Farage has acknowledged the Norway recourse is a likely end result for Britain — albeit not the one he necessarily wanted.
He said newest month: “I think we are probably headed towards a Norway-type situation two-and-a-half years down the high road.
Nigel Farage said a Norway option is a likely follow of Brexit negotiations
Norway enjoy access to the EU’s free deal zone but must pay for the priviledge
“Norway is better than where we are now … it’s certainly not where I want to devour up (but) I do think now there will be backsliding.”
The Norway option flies in the surface of many of the biggest issues during the referendum campaign, specifically the proficiency to untangle Britain from EU laws, control the country’s borders and to bail someone out money currently being sent to Brussels.