, 4 tweets, 1 min read
A #Brexit thought experiment:

Imagine we have left the EU. Our businesses no longer have to comply with EU regulations. You have a business that makes widgets. Do you:

A) Comply with all other countries’ regs but miss out a step that meets EU regs?

B) Continue to meet EU regs?
Note that since you’re already producing the widgets within the EU, you’ve already taken the steps to meet the regulations, so if you decide to stop meeting EU regs you’re cutting yourself off from your existing EU export market.
Also note that by complying with the regs of all the other countries you’re selling to, you will already be most of the way toward meeting EU regs anyway.
If you actually do run a company that’s facing this choice, it would be interesting to hear real-world examples.
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