Re: Barniers back!
Originally Posted by
Julie1962
->
Exactly WTO means we can then work towards a deal with whoever we like. It should be easier as we aren't in this continual war of words too.And because we are out remainers can calm down and leavers will be happier. win win.
● No WTO member trades on WTO terms only – they all have agreements with other countries, especially their nearest neighbours.
● It’s often said we trade with the US on WTO terms. In reality, we have more than 100 separate bilateral agreements with them
● WTO terms are relatively comprehensive on goods but far less so on services-( 45% of UK exports). Barriers to trade in services in particular will increase substantially under WTO terms
● If we traded under WTO terms, barriers would be inevitable between Northern Ireland and the Republic of Ireland
● The UK would also lose the free trade agreements the EU has signed with other countries
● Gains from a zero-tariff policy would be nil or limited for more than half of the goods the UK imports
● The UK is already a member of the WTO so would not have to apply, although it will have to re-negotiate its commitments.
https://ukandeu.ac.uk/new-report-exp...ms-would-mean/