European Customs Union - Explaining Brexit.

The video discusses the European Customs Union, highlighting its benefits like tariff-free trade among member countries and the ability for non-EU countries to join. It explains the regulations involved, such as proving the origin of goods, and the impact on services and agriculture. The video also covers the implications for the UK, including the inability to form independent trade deals and the potential need to follow European court rulings. Alternatives like the single market or free trade area are also mentioned.

What is a primary feature of a Customs Union?

• It mandates a common language for trade negotiations.

• It eliminates tariffs on goods traded within the union.

• It allows free movement of people between member countries.

• It requires all members to use the same currency.

Why might proving the origin of goods be complicated in a Customs Union?

• Because it requires a special government permit.

• Because it needs approval from all member countries.

• Because goods are often assembled from parts sourced globally.

• Because it involves a lengthy legal process.

What is an advantage of a Customs Union over a single market?

• It provides a common currency for all members.

• It requires less paperwork for exports.

• It allows for independent trade deals with non-member countries.

• It does not regulate services, government, or agriculture.

What is a potential disadvantage for the UK if it remains in the Customs Union?

• The UK would lose its ability to form its own trade deals.

• The UK would have to increase its agricultural exports.

• The UK would have to adopt the Euro.

• The UK would need to reduce its service sector.

What alternative options does the UK have besides staying in the Customs Union?

• Joining the Schengen Area

• Adopting the Euro

• Remaining in the single market or free trade area

• Becoming a member of the United Nations