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During the next few years there will be substantial negotiation on how EU laws are to be adopted by the UK. Three different scenarios are considered in this regard namely whether the UK should enter into: -
(a) Series of free trade agreements. This would mean the UK negotiating with each country to establish the most beneficial deal on a country by country basis in relation to the supply of its goods and services into that country;
(b) The Swiss option. This would be where the UK gained access to the European single market through bilateral treaties without being a member of the European Union or in fact the European Economic area. This may be at first blush appear to be a very attractive option but the Swiss have still struggled after seven decades to ensure that this is being properly affected. There is no guarantee that the European Union would agree to such an agreement taking place.
(c) The Norwegian option. The UK would join the European Economic area which would mean that it has access to the European single market without being a member of the EU. The problem with this option however is that it would mean that the UK would still be bound by the EU rules however have no influence over them. This seems the least likely of the 3 options mentioned given the reasons advanced for leaving the EU.