Trade deal after Brexit
Why do we need to set up new trade deals for after Brexit? Why not leave them as they are?
I thought people voted for Brexit so we could set about making our own laws and now having laws "forced" on us. macafee2 |
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So we need to “renew” or “revamp” existing arrangements as well as seize the huge advantage of being able to organise our own trade deals rather than be hamstrung to what the EU says we can do. |
Taxation, duties, and quotas exist which will need to be re-negotiated. We pay varied amount of duty dependent on the source of the product.
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I must admit I'm bored with arguing the rights and wrongs of everything I just wish someone would come up with a plan, tell us what it is and then GET ON WITH IT!
Obviously I realise no one actually has the ********s to do that :( |
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The EU’s agricultural tariffs are a whopping three times higher than the EU’s overall trade tariffs. And the EU has stubbornly refused to bring agricultural tariffs down. This is a protectionist ploy to protect inefficient EU farmers. I don’t like Trump - but I do wonder at the hypocrisy of some within the EU who shout “unfair” over his plan to apply tariffs to steel and aluminium when they have been doing exactly this themselves in the area of agriculture. |
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I'll admit to being ignorant of these things. What new advantages are expected to come with Brexit? macafee2 |
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We get 'to take back control' - 'meet the new boss, same as the old boss' as The Who put it springs to mind - Won't Get Fooled Again indeed... We get to forge brilliant new trade deals with 3rd world countries - as long as none of their citizens want to come and live here :shrug: :getmecoat: |
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I'd just like to comment on a few points already made before I give my own thoughts.
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My own thoughts on the subject: My best understanding is that in order to retain the current trade deals we have with the other member states after the UK leaves the EU, we'd need to stay in the single market. To be part of the single market would also require remaining in the customs union and continuing to allow free movement of EU nationals, which I personally believe would be the sensible option for the UK's future prosperity. If we don't stay in the single market once outside of the EU (44% of our export market) it's likely that tariffs under MFN (most favoured nation) rules set out by the WTO would apply, meaning our exporters would become less price competitive and lose business. Likewise, WTO tariffs would be applied to goods we import from the EU - currenty 53% of our total imports - making them more expensive. It's my belief that the combination of both would lead to soaring prices due to runaway inflation. Three of the main policies to control inflation are high interest rates, increased taxation and wage control. Anyone fancy that? Of course there will be supporters of a 'hard' Brexit, particularly in government, who will argue that if we dump the single market we'll be free to trade with China, the USA and a host of other countries under WTO rules without having to also comply with EU legislation. What they'll fail to mention is that such deals take years to negotiate, by which time the UK economy could (and probably would) be well and truly shafted. |
And don't forget the USA investment £ 487 Billion a year to access the single market via the UK..
“For decades, the UK has served as a strategic gateway to the European Union for US firms and financial institutions. The primary motivation of many US companies to invest in the UK has not been to serve only the UK market but to gain access to the much bigger EU single market.” Source |
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