V glad that TCA has a review clause in it. @Fox4HailshamNT and I proposed this - here https://d3n8a8pro7vhmx.cloudfront.net/conservativegroupforeurope/pages/138/attachments/original/1601475989/Reset_To_Sunset_-_a_proposal_to_break_the_impasse_in_the_UK-EU_trade_talks.pdf - in September and promoted it in and @EPPGroup . There are many benefits of a review clause. Quick thread

Either party can call for review of trade parts end of 2024 (p218) exactly as we suggested to coincide w elections on both sides & NI Assembly consent vote. Trusted trader scheme for GB-NI border also has mid-2024 sunset. /1

Parties will review whole agreement – not just trade part – after five years (p410). /2

Our dispute resolution compromise – LPF issues included but neutral governance – also made it in, but proposal for next 4 years did not, so there will be lots of non-tariff barriers (NTBs) and, unfortunately, pain for . /3

Task for next 4 years is mini wins: business does not want to diverge - https://www.ft.com/content/ac27f198-f408-11e9-a79c-bc9acae3b654 - so we can build sectoral cooperation: REACH like , mutual certification like , 2% SPS checks like . /4

Away from sectoral rules, it is “horizontal” LPF issues – workers’ rights etc – that are most controversial /5

Primary benefit is will be able to approach the review w better understanding of what it values more: (1) different regulations / autonomy or (2) enhanced market access on par with SM participation. Can’t have both. /6

If (1), then TCA may not be on offer after 2025/6. Only way could persuade away from enforced dynamic alignment was either lightning tariffs – unacceptable to - or review clause. But can rebuild trust in meantime. Unlikely will be sweatshop hub /7

If (2), why not #upgrade2efta and get the benefits – absence of NTBs – of rules we are already following? Lots of NTBs = pain 2021-4 that can go away if pivot to @EFTA4UK when review clause hits. Time to get campaigning! /ENDS