Re: Crunch week???
Originally Posted by
Solasch
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The EU has trade deals fully implemented, or partially in place, with 88 countries, including canada, australia and new zealand. Many of these agreements are with small economies, but the point is that due to leaving the EU, now the U.K. will lose all the preferential access it’s enjoyed as a member of the EU.
The U.K. must negotiate agreements with these 88 countries simply to maintain its current trade relationship. In the past four years the UK has closed trade deals with how many?
The EU has no FTA's that are ratified or completed outside the single market. The EU has been complete failure in negotiations with any other country outside of it.
The EU trade surplus with the UK is a big problem - our suppliers (the 27) will come off a lot worse that us if we can buy the things we need from elsewhere on better terms or grow them ourselves. If the EU want to make imports from the UK more expensive for the people in the EU then so be it - it makes no difference to us in the same way it makes no difference to the USA, India, China, Brazil etc or any other country where the CET is applied and WTO rules.
Your already down 15% UK exports in Q1 2020 and thats before the COVID-19 lockdowns. The UK position looks more and more now to leave without any trade deal with the EU, which suits us just fine because we will not be tied into any of the EU schemes that prevents the UK from trading with the rest of the world on our own terms. So far in 4 years, Barnier has not even discussed trade, all he has done is weapons the Irish border and try and trap the UK in the EU - failing miserably as his track record shows. Now, desperate to get an extension and being refused time and time again, he has about 6 weeks, (two of those of actual negotiations) to come to an agreement with us on our future trading relationship. When he crawls back to Brussels with nothing, 27 countries will ask some serious questions about the competence of the EU Elite to actually do anything, as their economies collapse over lack of bailout money from COVID-19, lack of 2020-2027 budget and to top it all off, their biggest single market outside the EU, their second biggest market outside the EU, just said no and walked away, taking with it their territorial waters, annual contributions and all the other benefits (such as security, intelligence etc etc) they get from the UK.
Don't kid yourself that the EU is something we want to be part of, Solasch. Like Barnier you still don't understand why we left and what it means.
We have signed trade agreements already with about 20 countries, including South Korea and Switzerland, we are in continuing negotiations with around 15 others (including Japan and Singapore) and MRA's in place with USA, Australia and New Zealand.
But you knew that right ?