b'2.3. The third conclusion: The UK should have a tailored UK-EU trade agreement.In 2020 we are negotiating a UK-EU tradeMoreover, the UK has a fall-back position agreement, but that is not essential. Asthat is unassailable. We can always simply shown in the opening chapter, the EU hasresume trading with EU member states and agreements that relate to trade with well overthe rest of the world, as the USA, China 100 countries. A UK-EU trade agreementand Japan do now under the rules of the would be tailor-made,as are the otherWorld Trade Organisation as well as existing trade agreements that the EU negotiates.international agreements. That position is It needs to specifically exclude the freeperfectly acceptable and would meet the movement of people provided under ArticleUKs needs in the 21st century. 45 of the Charter of Fundamental Rights of the European Union.To quote former Chancellor of the Exchequer Nigel Lawson, And we would continue to As we have seen, the EU has multiple modelstrade with the EU, as the rest of the world for trade. So which model is best for us?does today, almost certainly assisted by a bilateral free trade agreement, which they Is it EFTA? Or Switzerland? Or South Korea?need far more than we do.2Is it even, as with Turkey, in the EU Customs Union, but not an EU member?In fact, we are putting forward none of these. What we propose is that the UK negotiates its own trade agreement with the European Union. A trade agreement that is tailor- made andforgive the punthat suits our economy. 183'