Either a new dispute resolution mechanism will be required, or the UK could dock into part of the EFTA court to resolve disputes over goods.
Behind the scenes many of Europe’s nations and regions are weighing the cost of a hard Brexit and pushing for a better deal.
Each side in the Brexit debate regards its position as the only one a sane person could take, while the other side’s arguments are madly exaggerated and provocative.
Much of the concern is over-hyped – not least because these specialised, highly skilled people don’t want to leave London in the first place.
Do people find sovereignty in a Parliament they regrettably take little interest in – or in actual power and the pound in their pocket: their job; their standard of living?
Overall, six in ten respondents throughout the EU said they would prefer the UK to remain a member.
“The Brits would be happier outside. But we don’t want them to leave.”
There are people in Brussels who will want to drive a proposal so that the institutions here can grab more power, gain more profile and seem more relevant.
In 2005, the then 15 members of the European Union agreed to reach a 0.7 per cent aid target by 2015. Apart from us only four EU countries have actually delivered.