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<p>If the UK were to leave the EU without alternative trading arrangements in place,
WTO rules would require that trade between the UK and the EU would be subject to Most-Favoured
Nation (MFN) treatment for goods and services. The average amount of tariffs that
would have to be paid would depend on MFN commitments. However, as the Prime Minister
has said, we want to give British companies the maximum freedom to trade and operate
in the European market – and let European businesses do the same here.</p>
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