Re: Leave Means Leave letter (2) to the Prime Minister
I don't understand the logic of this comment - can anyone explain it? :
"By lowering tariffs the price of imports such as food will fall" How are we going to make this magic happen?
Ref :
"Countries including the US and India do not pay to sell to the EU but successfully trade from outside"
Do we think we are in the same bargaining position as the US or India? Our main advantage for the US was ease of access to the EU.
"Total US investment in the EU is three times higher than in all of Asia.
EU investment in the US is around eight times the amount of EU investment in India and China together.
EU and US investments are the real driver of the transatlantic relationship, contributing to growth and jobs on both sides of the Atlantic. It is estimated that a third of the trade across the Atlantic actually consists of intra-company transfers.
The transatlantic relationship also defines the shape of the global economy as a whole. Either the EU or the US is the largest trade and investment partner for almost all other countries in the global economy.
The EU and the US economies account together for about half the entire world GDP and for nearly a third of world trade flows."
http://ec.europa.eu/trade/policy/cou...s/index_en.htm