Re: Millionaire N London Barrister leads Labour : Fri Jul 31, 2020 11:14 am
Sal Paradise wrote: This process is already in place for the US and China so we know what to expect - why are we creating mountains out of mole hils? Surely it is just an extension of what is already in place? Well, firstly - we don’t know what to expect because nothing has been decided and agreed, and time is running out to put in place new systems and additional capacity. Secondly, we’re losing our existing trade arrangement not just with the EU, but most of those made through the EU have not been replaced. Switzerland and a few other places apart. There’s no guarantee that even when they are replaced, it’ll be a copy and paste job. For example, based on a quick internet search, it seems that the EU trades with China, India, and quite a few other countries through a Preferential Trade Arrangement. http://ptadb.wto.org/ptaBeneficiaries.aspx Switching to basic WTO will be a change there as well, I’m guessing. There are countries we do trade on WTO terms with, but this a big change in how we operate - kinda of a main point of Brexit, wasn’t it? And it needs a big effort to prepare - otherwise it’ll be under resourced and at risk of failure. |
Sal Paradise wrote: This process is already in place for the US and China so we know what to expect - why are we creating mountains out of mole hils? Surely it is just an extension of what is already in place? Well, firstly - we don’t know what to expect because nothing has been decided and agreed, and time is running out to put in place new systems and additional capacity. Secondly, we’re losing our existing trade arrangement not just with the EU, but most of those made through the EU have not been replaced. Switzerland and a few other places apart. There’s no guarantee that even when they are replaced, it’ll be a copy and paste job. For example, based on a quick internet search, it seems that the EU trades with China, India, and quite a few other countries through a Preferential Trade Arrangement. http://ptadb.wto.org/ptaBeneficiaries.aspx Switching to basic WTO will be a change there as well, I’m guessing. There are countries we do trade on WTO terms with, but this a big change in how we operate - kinda of a main point of Brexit, wasn’t it? And it needs a big effort to prepare - otherwise it’ll be under resourced and at risk of failure. |
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