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The negotiated Withdrawal Agreement and Political Declaration outline the UK and EU’s shared commitment to a free trade area for goods with no tariffs, quotas or rules of origin requirements. We are not seeking membership of the Single Market, or Customs Union, after we leave the EU, but a bold and ambitious economic partnership.
The government has delivered on its commitment to provide appropriate analysis to Parliament with a robust, objective assessment of how exiting the EU may affect the economy of the UK, sectors, nations and regions in the long run. The analysis considers four analytical scenarios and compares them to today’s arrangements: the UK position set out in the July 2018 White Paper, a hypothetical FTA, an EEA-type relationship and a no deal scenario.