Considering the Commonwealth as a Post-Brexit Trade Alliance: A Euro-American Intersection
After the Brexit decision, it is natural to question what the future holds for the United Kingdom and its remaining European trading partners. However, a less explored possibility is the idea of the 27 remaining European Union countries joining the Commonwealth of Nations. This article examines this fascinating scenario, exploring the potential benefits and challenges such a move could bring.
The Reality of Post-Brexit UK
Upon stepping back from the initial shock of the Brexit idea, it is essential to consider the UK's perspective, particularly in light of its lack of established trading relationships with the 27 remaining European Union countries. The UK imagines itself as a prosperous island nation, separated from the complex web of European trade agreements but still desiring to maintain or even enhance its economic significance. In this fictional scenario, the UK envisions a grand table of success, surrounded by former allies from the Commonwealth and a few friendly nations. It expresses a desire to share its trade secrets and invites these former EU members to join the Commonwealth.
Challenges and Conflicts
The 27 remaining EU countries, on the other hand, seem less enthusiastic at first glance. Their expressions are blank, indicating a lack of immediate understanding or interest. This reaction is not surprising, considering the complex web of trade agreements and economic interdependencies they have with the EU. When the UK mentions trading arrangements and shared success, Brussels provides a counterpoint by referencing signed trade agreements. This protects the UK’s position, as it is not breaking any existing agreements.
The Commonwealth countries, like Australia (Oz) and New Zealand (Kiwi), are pragmatic and hungry for new trading opportunities. New Zealand’s suggestion to engage more with the UK is met with an invitation to enjoy a traditional dinner—a blend of British culture and international flavors. However, disputes quickly arise over the menu, with France voicing its skepticism and resentment. This highlights the tension between cultural and economic interests.
Market Realities and Economic Dependencies
A deeper dive into the economic realities of these nations reveals significant dependencies. Many of the eel and fish consumed in the UK are imported from the Netherlands or Northern Ireland, while European trawlers catch much of the sea fish consumed in Europe. The fishing rights issue is particularly notable, as Nigel Farage, a prominent Brexit advocate, did not show up for discussions and subsequently sold the right to EU trawlers. This scenario underscores the intertwined nature of European and British economies, making a full break in trade relationships challenging.
Future Prospects and Challenges
While the idea of the 27 joining the Commonwealth is intriguing, it faces significant hurdles. Cultural and economic ties are far too entrenched to be easily restructured. Furthermore, the UK’s fishing industry has long relied on access to EU markets and resources, and the removal of these would have profound economic implications. Engaging in a new trade alliance with the Commonwealth would require significant diplomatic and economic negotiation.
Conclusion
Although the idea of the 27 EU countries joining the Commonwealth is conceptually interesting, the practical challenges and economic dependencies discussed here suggest that such a move would be difficult and complex. The post-Brexit UK must navigate its relationships with both the EU and the Commonwealth, seeking to maintain its global economic influence without breaking long-standing trade ties.