No Deal Brexit

ollie989898

ollie989898

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Location
Hanging from a twig, in a deep sleep.
farmerm said:
Agrivator, if we leave without a deal on March 29th then we default to trading under WTO terms. I am no expert on international trade but I believe this means we are obliged to charge import tariffs on goods on goods from the EU and the EU have to charge tariffs on goods from the UK. Trade can not possibly continue as normal on goods that high tariffs apply to. As I understand it WTO rules prevent favored nation trading, a deal the UK and EU can not simply choose to wave tariffs on each others goods whilst maintaining tariffs barriers for goods from other countries. I keep raising this point but I know a director who imports many of his components from the EU and exports most of his product to customers in the EU. That business can not afford to continue to manufacture in the UK if we leave on WTO rules. WTO will cost jobs, WTO without 2 years for businesses to prepare, time to develop new supply chains and new markets, will result in the loss of many, many jobs. The figures tell me 13% of our Economy is derived from trade with the EU, if we lost even 1/5 of that trade because of tariff barriers it would mean the fastest, deepest and probably longest economic recession in our history. Note that only 3-4% of the European economy comes from trade with the EU, the EU fear the loss of our money but not the loss of our trade.

Those pushing for Brexit at any cost either fail to grasp this or they simply don't care. If I am wrong then I would be delighted for one of you Brexit at all cost folk to better educate me, please!
Click to expand...

You have not interrupted my post correctly. Under WTO rules, the UK can reduce or have no tariffs on any goods it so chooses, it is not an all or nothing system.

I hardly think they are magically going to permit entry of anything and everything, why would they? Product entering the UK does so by coming to the UK from it's destination country, it doesn't pass through the EU first to get their seal of approval.

You are living in some kind of protectionist idyll, what should we expect, most farmers are sh!t-scared of the world because they have no clue about how other countries do what they do.
 
F

farmerm

Member
Location
Shropshire
tepapa said:
People/business have had two years to prepare, what have they been doing?
Click to expand...
Waiting on clarity, waiting on some kind of deal.. we were told repeatedly by the leave campaign “”it will be the easiest trade deal in history” That is what we were sold, that is the Brexit for which there is a mandate. WTO was never on the table during the leave campaign, there can be no mandate for that without putting it back to the public.
 
F

farmerm

Member
Location
Shropshire
ollie989898 said:
You have not interrupted my post correctly. Under WTO rules, the UK can reduce or have no tariffs on any goods it so chooses, it is not an all or nothing system.

I hardly think they are magically going to permit entry of anything and everything, why would they? Product entering the UK does so by coming to the UK from it's destination country, it doesn't pass through the EU first to get their seal of approval.

You are living in some kind of protectionist idyll, what should we expect, most farmers are sh!t-scared of the world because they have no clue about how other countries do what they do.
Click to expand...
So we could trade cars freely with the EU but only if we also trade them freely with China. We can trade beef freely with the EU but only if we also trade it freely with the USA. Also you miss my point.. if we have free trade from the world we can not have free trade into the EU or we become a backdoor shipping route into Europe, Europe can not and will not accept that.

Yes I’m living in a protectionist idyll, most farmers around the world live in poverty or at least with much lower living standards than we do. I don’t want to be poorer thanks very much. I am not against a move towards free trade but not overnight!
 
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