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Purpose - This research examines the exit options of the United Kingdom from the European Union and discusses the possible trade relations between the United Kingdom and the European Union after the exit. Methodology - In this article, the exit options are discussed from the perspective of the economic integration stages. The monetary union stage is evaluated by using least squares method. Findings - The monetary union would not lead to significant changes in the import and export levels of the United Kingdom. Customs Union is the first best for the United Kingdom as she will have closer trade relations with the European Union, and on the other side, will pursue its own dependent trade policies against the other countries. Conclusion - From the perspective of economic integration stages, the first best would be the Customs Union. If both sides do not agree on the Customs Union, then the second best will be free trade area, in that the UK and the EU can make trade agreements that cover crucial trade products for both sides.

Brexit options from the perspective of economic integration stages