{"id":5685,"date":"2018-06-20T22:53:08","date_gmt":"2018-06-20T22:53:08","guid":{"rendered":"https:\/\/readyforbrexit.co.uk\/?page_id=5685"},"modified":"2019-02-09T07:25:27","modified_gmt":"2019-02-09T07:25:27","slug":"future-trade-models","status":"publish","type":"page","link":"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/","title":{"rendered":"Future Trade Models"},"content":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_widget_sidebar sidebar_id=&#8221;cs-6&#8243;][\/vc_column][vc_column width=&#8221;3\/4&#8243; el_class=&#8221;taxonomy-right-column&#8221;][vc_column_text css=&#8221;.vc_custom_1549392476211{margin-top: 0px !important;padding-top: 0px !important;}&#8221;]<\/p>\n<figure id=\"attachment_8660\" aria-describedby=\"caption-attachment-8660\" style=\"width: 885px\" class=\"wp-caption alignnone\"><img class=\"size-full wp-image-8660 lazyload\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/readyforbrexit.co.uk\/wp-content\/uploads\/2018\/07\/Future-trade-models.jpg\" alt=\"Future trade models\" width=\"885\" height=\"327\" data-srcset=\"https:\/\/readyforbrexit.co.uk\/wp-content\/uploads\/2018\/07\/Future-trade-models.jpg 885w, https:\/\/readyforbrexit.co.uk\/wp-content\/uploads\/2018\/07\/Future-trade-models-300x111.jpg 300w, https:\/\/readyforbrexit.co.uk\/wp-content\/uploads\/2018\/07\/Future-trade-models-768x284.jpg 768w\" sizes=\"(max-width: 885px) 100vw, 885px\" \/><figcaption id=\"caption-attachment-8660\" class=\"wp-caption-text\"><noscript><img class=\"size-full wp-image-8660 lazyload\" src=\"https:\/\/readyforbrexit.co.uk\/wp-content\/uploads\/2018\/07\/Future-trade-models.jpg\" alt=\"Future trade models\" width=\"885\" height=\"327\" srcset=\"https:\/\/readyforbrexit.co.uk\/wp-content\/uploads\/2018\/07\/Future-trade-models.jpg 885w, https:\/\/readyforbrexit.co.uk\/wp-content\/uploads\/2018\/07\/Future-trade-models-300x111.jpg 300w, https:\/\/readyforbrexit.co.uk\/wp-content\/uploads\/2018\/07\/Future-trade-models-768x284.jpg 768w\" sizes=\"(max-width: 885px) 100vw, 885px\" \/><\/noscript> (Picture credit Shutterstock)<\/figcaption><\/figure>\n<h2>The Institute for Government has summarised the current <a href=\"https:\/\/www.instituteforgovernment.org.uk\/explainers\/brexit-and-financial-services\" target=\"_blank\" rel=\"noopener\">four broad models<\/a> for conducting financial services trade between the UK and the EU as follows:<\/h2>\n<ul>\n<li><strong>Passporting<\/strong>:<br \/>\nFirms based in EU member states, and non-EU states that are members of the European Economic Area (EEA), can sell their services freely within the bloc under a system known as \u2018passporting\u2019.<\/li>\n<li><strong>World Trade Organization (WTO) terms:<br \/>\n<\/strong>States outside the EEA, or \u2018third countries\u2019, typically do business with Europe on the terms outlined in the WTO\u2019s\u00a0<a href=\"https:\/\/www.wto.org\/english\/docs_e\/legal_e\/26-gats.pdf\" target=\"_blank\" rel=\"noopener\">General Agreement on Trade in Services (GATS)<\/a>.<\/li>\n<li><strong>Equivalence:<br \/>\n<\/strong>Some third countries receive preferable market access rights regarding certain services, on the basis that their laws and supervisory frameworks are deemed \u2018equivalent\u2019 to the EU\u2019s by the European Commission and a committee of experts from member states.<\/li>\n<li><strong>Free trade agreement (FTA)<\/strong>:<br \/>\nOther third countries have attempted to cover financial services as part of a broader FTA\u00a0with the EU. The Comprehensive Economic and Trade Agreement (CETA) between the EU and Canada is the most recent example of this.<\/li>\n<\/ul>\n<p>[\/vc_column_text]<div class=\"\"><div class=\"wpb_wrapper\"><\/p>\n<h3><a href=\"https:\/\/readyforbrexit.co.uk\/membership-account\/membership\/\">Join Ready for Brexit now<\/a><\/h3>\n<p><\/div><\/div>[\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column width=&#8221;1\/4&#8243;][vc_widget_sidebar sidebar_id=&#8221;cs-6&#8243;][\/vc_column][vc_column width=&#8221;3\/4&#8243; el_class=&#8221;taxonomy-right-column&#8221;][vc_column_text css=&#8221;.vc_custom_1549392476211{margin-top: 0px !important;padding-top: 0px !important;}&#8221;] The Institute for Government has summarised the current four broad models for conducting financial services trade between the UK and the EU as follows: Passporting: Firms based in EU member states, and non-EU states that are members of the European Economic Area (EEA), can sell [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":2082,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"pmpro_default_level":0},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Future Trade Models advice for post-Brexit business from Ready for Brexit<\/title>\n<meta name=\"description\" content=\"Future Trade Models advice from Ready for Brexit. Institute for Government summarises current 4 models of financial services trade between the UK and the EU\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Future Trade Models advice for post-Brexit business from Ready for Brexit\" \/>\n<meta property=\"og:description\" content=\"Future Trade Models advice from Ready for Brexit. Institute for Government summarises current 4 models of financial services trade between the UK and the EU\" \/>\n<meta property=\"og:url\" content=\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/\" \/>\n<meta property=\"og:site_name\" content=\"Ready for Brexit\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ReadyForBrexit\/\" \/>\n<meta property=\"article:modified_time\" content=\"2019-02-09T07:25:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/readyforbrexit.co.uk\/wp-content\/uploads\/2018\/07\/Future-trade-models.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ReadyForBrexit\" \/>\n<meta name=\"twitter:site\" content=\"@ReadyForBrexit\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/readyforbrexit.co.uk\/#website\",\"url\":\"https:\/\/readyforbrexit.co.uk\/\",\"name\":\"Ready for Brexit\",\"description\":\"Getting business ready for Brexit\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":\"https:\/\/readyforbrexit.co.uk\/?s={search_term_string}\",\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/#primaryimage\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/readyforbrexit.co.uk\/wp-content\/uploads\/2018\/07\/Future-trade-models.jpg\",\"width\":885,\"height\":327,\"caption\":\"(Picture credit Shutterstock)\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/#webpage\",\"url\":\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/\",\"name\":\"Future Trade Models advice for post-Brexit business from Ready for Brexit\",\"isPartOf\":{\"@id\":\"https:\/\/readyforbrexit.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/#primaryimage\"},\"datePublished\":\"2018-06-20T22:53:08+00:00\",\"dateModified\":\"2019-02-09T07:25:27+00:00\",\"description\":\"Future Trade Models advice from Ready for Brexit. Institute for Government summarises current 4 models of financial services trade between the UK and the EU\",\"breadcrumb\":{\"@id\":\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/readyforbrexit.co.uk\/\",\"url\":\"https:\/\/readyforbrexit.co.uk\/\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"position\":2,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/\",\"url\":\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/\",\"name\":\"Services and Employment\"}},{\"@type\":\"ListItem\",\"position\":3,\"item\":{\"@type\":\"WebPage\",\"@id\":\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/\",\"url\":\"https:\/\/readyforbrexit.co.uk\/services-and-employment\/future-trade-models\/\",\"name\":\"Future Trade Models\"}}]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","_links":{"self":[{"href":"https:\/\/readyforbrexit.co.uk\/wp-json\/wp\/v2\/pages\/5685"}],"collection":[{"href":"https:\/\/readyforbrexit.co.uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/readyforbrexit.co.uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/readyforbrexit.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/readyforbrexit.co.uk\/wp-json\/wp\/v2\/comments?post=5685"}],"version-history":[{"count":0,"href":"https:\/\/readyforbrexit.co.uk\/wp-json\/wp\/v2\/pages\/5685\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/readyforbrexit.co.uk\/wp-json\/wp\/v2\/pages\/2082"}],"wp:attachment":[{"href":"https:\/\/readyforbrexit.co.uk\/wp-json\/wp\/v2\/media?parent=5685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}