b'The Remainers and their hangers-on in thesustainable? It has been so far, but for media, in particular the BBC and SkyNews,countries whose currency is not a reserve are fond of repeating words to the effect Thecurrency, balance of payments cannot be EU is the UKs largest trading partner. This inignored forever. its own terms is true. However, that glosses over, indeed conceals, the key fact that sinceEvery country in the world - even North joining the EU, the UK has run a large andKorea - has some kind of access to the EU seemingly every increasing trade deficit withmarket. It is a fundamental error of principle the EU.and of fact to imagine that there is a clear dichotomy between EU membership and The 2019 trade deficit in goods wasaccess,and no EU membership and no 95.3 billion. Just this deficit is largeraccess.than the entire economy of Ghana. Is this deficit Table 26 Goods exports to the EU fromthe UK and China (in billions of euros) 2010201120122013201420152016 UK166191185187191158166 China284295292280302351345Source:ONS Pink Book and Eurostat China does not pay to have access to the EU Single Market. The reality is that there are several, indeed numerous, kinds of different trade relationships that the EU has. This chapter sets these out and, in so doing, corrects many falsehoods. 56'