11-04-2021, 05:33 PM
331
Re: The Vindictive Nastiness if the EU
Originally Posted by Bread
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But you don't include services in your calculations.Why is that?
Just remember a drop in exports to the EU does not mean a drop to the rest of the world.
11-04-2021, 06:14 PM
332
Re: The Vindictive Nastiness if the EU
Originally Posted by Bread
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But you don't include services in your calculations.Why is that?
Just remember a drop in exports to the EU does not mean a drop to the rest of the world.
11-04-2021, 06:17 PM
333
Re: The Vindictive Nastiness if the EU
Originally Posted by Bread
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Just remember a drop in exports to the EU does not mean a drop to the rest of the world.
I should expect a reduction in our exports to, and dealings in general with, the EU. After all, we have left their club.
Surely, as a 'third country' now, we would be expected to deal more with the world than limit ourselves to the EU.
11-04-2021, 06:29 PM
334
Re: The Vindictive Nastiness if the EU
Originally Posted by Bread
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But you don't include services in your calculations.
In some (though far from all) segments of the financial sector, firms from these other third countries currently have better single market access than British ones. This is because these market segments are covered by a category known in EU law as equivalence decisions, by which the European Commission allows direct service provision by firms in the third country whose regulatory framework of the market segment it deems ‘equivalent’. Equivalence decisions are at the Commission’s discretion. Unlike the single market passport, equivalence is a privilege not a right, and can also be revoked at short notice. So far the Commission has not granted the UK any such segment-specific equivalence, except in a time-limited manner for*securities depositories*until mid-2021 and*clearing services*until mid-2022. For the moment the Commission appears to lean*against*making the latter permanent, but it is too early to be sure.
In most other market segments, it appears improbable that the Commission will grant equivalence to the UK in the foreseeable future. Although this may appear counterintuitive, since almost all current UK regulations stem from the existing*EU body of law, the expectation is the UK authorities will diverge as they (not least the*Bank of England) have declined to make commitments to the contrary.
Moreover, it would be understandable for the Commission to aim at reducing the EU’s dependence on the City of London. There has been no comparable dependence on an offshore financial centre anywhere in recent financial history. Keeping that level of dependence would entail financial stability risk, because in some crisis scenarios, the aims of UK authorities would not necessarily be aligned with EU aims.*
11-04-2021, 06:36 PM
335
Re: The Vindictive Nastiness if the EU
Originally Posted by JBR
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Not wishing to argue the toss with them, but you raise a very valid point.I should expect a reduction in our exports to, and dealings in general with, the EU. After all, we have left their club.
Surely, as a 'third country' now, we would be expected to deal more with the world than limit ourselves to the EU.
Perhaps you should increase trade with your (former) colonies?
11-04-2021, 07:21 PM
336
Re: The Vindictive Nastiness if the EU
Originally Posted by JBR
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Not wishing to argue the toss with them, but you raise a very valid point.I should expect a reduction in our exports to, and dealings in general with, the EU. After all, we have left their club.
Surely, as a 'third country' now, we would be expected to deal more with the world than limit ourselves to the EU.
Many of our exporters are SME’s and losing unfettered access to the largest, closest market is not always replaceable with distant markets due to logistics and costs so their only option is to set up satellites in the EU, providing the EU with jobs and tax revenue at the expense of the UK. Is that what you expected?
11-04-2021, 07:42 PM
337
Re: The Vindictive Nastiness if the EU
Originally Posted by Banchory
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satellites in the EU, providing the EU with jobs and tax revenue at the expense of the UK. Is that what you expected?
And please don't deny it was greed, because then it was immigration, indicating britain to be xenophobic.....
12-04-2021, 02:55 AM
338
Re: The Vindictive Nastiness if the EU
Originally Posted by Solasch
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As a result the UK can never get a trade deal as good as what they had as member of the EU.
So a UK agreement with Australia would not affect the terms of any FTA with the EU because there isn't one..
The only problem with this is that FTAs of any significance tend to be signed between countries is a similar geographic location (TPP, ASEAN, TAFTA, MAFTA ACI-FTA , PACER etc)
Looking at a map the biggest and most important trading partner in the UK's geographic area is the EU!
12-04-2021, 08:38 AM
339
Re: The Vindictive Nastiness if the EU
Originally Posted by Bruce
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That's an interesting point. Australia is looking more and more unlikely to sign an FTA with the EU for several reasons. The EU is less attractive to Australia without the UK, the EUs attitude on Climate Change Policy, Italian tinned tomatoes, Greek cheese to name but a few.
https://trade.ec.europa.eu/doclib/do...doc_159518.pdf
(link from https://trade.ec.europa.eu/doclib/pr...ex.cfm?id=1865)
I cannot find anything that supports your assessment. Thank you in advance.
12-04-2021, 09:08 AM
340
Re: The Vindictive Nastiness if the EU
Originally Posted by 7779311
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Good morning, can you please provide a link that supports your assesment? From https://trade.ec.europa.eu/doclib/do...doc_159518.pdf
(link from https://trade.ec.europa.eu/doclib/pr...ex.cfm?id=1865)
I cannot find anything that supports your assessment. Thank you in advance.
Your link refers to talks held before the EU starting playing silly idiots with vaccine exports.
The Aussies are not happy now and they will retaliate.
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