Re: Looks Like Boris has Won Already!
Originally Posted by
Bread
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What if we left but with a comprehensive FTA with the USA ?
Would that satisfy the remainers and we trade on WTO terms with the EU ?
Hi
When we leave, the object of the exercise is to get a WTO Free Trade Deal with as many Countries and Trade Blocs as we can.
This where the Politics come in.
We can have a simple WTO Free Trade Agreement with the EU with the Border in the Irish Sea.
The DUP will have nothing to do with this and they currently hold the balance of power in Parliament.
This is then out at the moment.
We can have a Free Trade Agreement with the USA,
The USA wants us to give them access to the NHS and accept agricultural products currently banned here in the UK.
Any Trade Deal will have to be approved by Parliament.
Trump is a protectionist, he is already playing hardball with us.
The USA has formally objected to the WTO about some Trade Deals we have rolled over.
Trump has already refused the appointment of the replacement WTO Arbiters causing a huge backlog in cases.
Any Trade Deal takes years to negotiate, No Deal means no Transition Period, so for some time our Exporting Industries will be at a disadvantage.
Trump does not have a majority in Congress, which must approve any new Trade Deals.
The Democrats have already said that they will block any Trade Deal with the UK until such time as the NI Backstop is resolved.
As I have said, things get complicated when Politics gets involved.