
A Brexit Gentlemen’s Agreement
The main barrier to keeping the UK in the EU's customs union is political: a country with the heft and influence of the UK cannot be viewed as merely following EU decisions, over which it has no influence. Yet this problem can be solved – or, rather, finessed – with an informal agreement by the EU to take UK interests into account.
BRUSSELS – In her latest speech on Brexit, British Prime Minister Theresa May rejected the prospect of the United Kingdom remaining in the European Union’s customs union, on the grounds that the UK wants its own trade policy. This is not in the best interest of either the UK or the EU.