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<p>The joint HMG and Centre for Economic Policy Research (CEPR) e-book on the UK and
the Future of the Single Market, “Twenty Years On” (2012), looked at a wide range
of benefits of the European Single Market to the UK. Specifically related to trade,
the report notes that European markets account for just under half of UK exports of
goods and services and following the enlargements of 2004 and 2007, which had a positive
effect on the UK’s trade with the new Member States, UK exports to the EU12 have doubled
since 2004.</p><p> </p><p> </p><p> </p><p>A BIS Economics Paper on “The economic consequences
for the UK and the EU of completing the Single Market” (BIS, 2011), which concluded
that if all Member States removed barriers to the full implementation of the Single
Market, UK exports would increase 47%.</p><p> </p><p> </p><p> </p><p><em>UK and the
Future of the Single Market, “Twenty Years On” (2012)</em></p><p> </p><p><em><a href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/34715/12-199-twenty-years-on-uk-and-future-single-market.pdf"
target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/34715/12-199-twenty-years-on-uk-and-future-single-market.pdf</a>
</em></p><p> </p><p><em> </em></p><p> </p><p><em>The economic consequences for the
UK and the EU of completing the Single Market” (BIS, 2011)</em></p><p> </p><p><em><a
href="https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/83815/economic_consequences_for_the_UK_and_the_EU_of_completing_the_Single_Market.pdf"
target="_blank">https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/83815/economic_consequences_for_the_UK_and_the_EU_of_completing_the_Single_Market.pdf</a></em></p><p>
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