As Britain seems determined to leave the EU and ditch the European free movement of goods, services, labour and capital, there is an understandable urgency to find a replacement to keep trading afloat and soften the blow to the home economy. Many are looking with hope at the historic alliance of Canada, Australia, New Zealand and the UK – CANZUK.
The CANZUK agreement is about three major discussion points: a free-trade, free-movement area (the freedom to live and work in each others’ countries) and defence-partnership deal.
How Powerful CANZUK Would Be?
The proponents of the CANZUK deal argue that working together the CANZUK countries would make an impressive power hub and could change world affairs. Firstly, they would have the largest total landmass of any free-trade zone. Secondly, put together they would make up the fourth biggest market in the world, after the U.S., EU and China.
Moreover, European Geostrategy’s geopolitical power index for the CANZUK countries is around 70 per cent of that of the U.S. — and nearly twice that of China or France.
As one of the biggest contributors in global trade, the CANZUK countries could influence world markets and have their say in global regulation be it banking, shipping or the environment.
What’s in CANZUK for British Expats?
Canada, the U.K., Australia and New Zealand share a similar culture, similar values, and similar legal, business and social systems. That’s why it is very easy for Britons to live and get on with their business there.
The Telegraph published recently stats about where British expats live in the world.
Here are top five countries which Britons call home:
- Australia – 1, 277, 474 British expats
- The USA – 758,919
- Canada – 674,371
- Spain – 381,025
- New Zealand – 313,000
Over 5 million Britons live abroad all over the world, and nearly half of them – a whopping 2,264,845 – prefer the CANZUK countries. Freedom of movement between the UK, Canada, Australia and New Zealand would make a great difference for them and those who are planning to emigrate to any of these countries.
Read the full story in the Financial Post.