This is because the EU refuses to continue mutual recognition after a transitional period.
However, the IEA says Britain must nevertheless unilaterally recognise EU rules and the CE mark in the interest of a “new radical free trade policy”.
Mr Rees-Mogg, who accepted his new post in Mr Johnson’s “mini” reshuffle this week, said: “Anyone who believes in free trade will welcome this report.
“Non-tariff barriers are the delight of protectionists and should be removed wherever possible.”
Victoria Hewson, the IEA report author, said the removal of so-called non-tariff barriers are just as economically important as tariffs themselves.
“The UK has an opportunity to lead the world with a radical trade policy of recognising regulations, without requiring reciprocity, starting with the EU.
“This will transform the UK’s trade policy, ensuring goods which emulate our own standards are traded freely into the UK without unnecessary regulatory barriers.
“This will bolster the UK’s status as a free trading nation and help towards a solution to the Northern Ireland Protocol dispute”.
The report states arguments against unilateral recognition “include the risks of compromising the autonomy of UK regulators and sacrificing leverage that could be used to the benefit of British exporters, but… the gains from unilateral recognition would outweigh these potential disadvantages.”
The report comes amid continuing disagreement between the UK and the EU over the Northern Ireland protocol.
UK government sources this month bemoaned the bloc’s unwillingness to consider new ideas to end the deadlock, accusing the EU of dragging the talks in “trench warfare”.
The EU Commission had hoped that the departure of Lord Frost before Christmas as the lead Brexit negotiator and replacement by Liz Truss would lessen the chances Britain would trigger Article 16, which would allow the UK to take unilateral action to safeguard trade if it judged the protocol to lead to “serious economic, societal or environmental difficulties”.
