As I suspect most people aren't Telegraph subscribers, here is a link to that actual report -
http://www.econpol.eu/publications/policy_brief_12 - although I await many arch Brexiteers to tell the Germans to stuff their advice where the sun doesn't shine. Maybe that wally will tear up the paper on live television whilst saying about how his granddad killed the jerries.
Incidentally, for the tldr among us, here is what their model proposes:
- The backstop provision in the withdrawal agreement is dropped.
- The United Kingdom permanently delegates all trade policy matters in goods to a newly created European Customs Association (ECA) in which the EU is also a member. Neither the EU nor the UK pursue independent trade policies, and the ECA represents them the World Trade Organization (WTO) in the same way as the EU has done until now for all 28 EU members.
- The UK has voting rights in the ECA, as do all other member states. Together with the other members of the ECA it mandates the EU Commission to negotiate trade agreements with third parties.
- Decisions are taken with double majority as defined in the Lisbon Treaty, and the European Court of Justice (in extended form including all participating countries) continues to supervise all law- and policy making in the field of trade.
- The ECA covers all ‘classical‘ areas of trade policy, such as tariffs, quotas, rules of origin, trade defense, etc. On these issues, the EU has exclusive competence.
- Areas in which the EU has no exclusive competence and in which countries have veto rights (trade in services, intellectual property, direct foreign investment, audiovisual and cultural services, and social, educational and health services), should not fall under the ECA. During a transition period, the pertinent provisions in the EU treaties continue to apply. For the future, arrangements in these areas are made by means of one or several supplementary bilateral agreements.
- In existing trade agreements with third parties, provisions pertaining to ‘classical‘ areas or areas covered by bilateral agreements continue to apply to the UK, as well as those currently or in future negotiated.
I must say Pete, I didn't imagine you'd be on board with #2, but you've surprised me.