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Also, looking at which nations have the largest trade imbalance with the UK -- Germany, Spain, and Belgium -- it is difficult to imagine why any of them would be interested in weakening the EU by giving a sweet trade deal to the UK.
Also, looking at which nations have the largest trade imbalance with the UK -- Germany, Spain, and Belgium -- it is difficult to imagine why any of them would be interested in weakening the EU by giving a sweet trade deal to the UK.
What are you going on about, they would be weakening their own economies, as I have already stated Britain is the largest market for German made cars in the entire world, over 20,000 German employees rely on that trade alone.
Of course they want a free trade deal with the UK, and a free trade deal is not some sort of sweet deal it's merely a trade deal like other countries like Canada already have.
The EU is also offering free trade to Morocco, Algeria, Tunisia, Egypt, Jordan, Lebanon, Turkey, Israel and Palestinian National Authority and this may be extended further to Syria, Libya, Gulf Cooperation Council, Iraq and Mauritania as part of the Euro Mediterranean free trade area. As for Euros they can be cleared in places like Hong Kong and most Financial Services have fully access to the European market including the US and many other parts of the world.
So it's fine to do free trade deals with all these countries and numerous other countries around the world, but not with the UK, which has numerous defence and security pacts with EU countries and which has always been a close ally.
The idea that the UK would pay £40 Billion to the EU and receive no free trade agreement whilst the rest of the world strikes up free trade agreements and whilst British troops, planes and ships defend Europe is nonsensical.
Last edited by Brave New World; 11-30-2018 at 08:36 AM..
What are you going on about, they would be weakening their own economies, as I have already stated Britain is the largest market for German made cars in the entire world, over 20,000 German employees rely on that trade alone. ...
Not weaken their own economies, weaken the EU.
Regardless of how gung ho you are about Brexit, at least face reality. Fantasies about how because Germany sells a lot of cars to the UK they would be eager to weaken the EU in order to do so are no more helpful than the misinformation about NHS on the sides of buses.
Giving a sweet trade deal to the UK would mean other nations such as Denmark, Italy, Sweden, France, ... could expect the same if they left.
Now some would love to see the EU weakened or disbanded altogether.
Putin for example. I suspect he is rubbing his hands together in glee. But not everyone shares his enthusiasm for the demise of the EU.
There may be good reasons for the UK to divorce the EU, but there will be a price to pay. No need to fool yourself, or others, about it.
Regardless of how gung ho you are about Brexit, at least face reality. Fantasies about how because Germany sells a lot of cars to the UK they would be eager to weaken the EU in order to do so are no more helpful than the misinformation about NHS on the sides of buses.
Giving a sweet trade deal to the UK would mean other nations such as Denmark, Italy, Sweden, France, ... could expect the same if they left.
Now some would love to see the EU weakened or disbanded altogether.
Putin for example. I suspect he is rubbing his hands together in glee. But not everyone shares his enthusiasm for the demise of the EU.
There may be good reasons for the UK to divorce the EU, but there will be a price to pay. No need to fool yourself, or others, about it.
Once again the UK is not getting some sweet deal, it will be a free trade agreement like the EU has given to Morocco, Algeria, Tunisia, Egypt, Jordan, Lebanon, Turkey, Israel, Palestinian National Authority, Canada and numerous other parts of the world. In terms of the EU's Euro Mediterranean free trade area, this may be further extended to Syria, Libya, Gulf Cooperation Council, Iraq and Mauritania. As for Euros they can be cleared in places like Hong Kong and most Financial Services have fully access to the European market including the US and many other parts of the world.
So what you are saying is it's fine to do free trade deals with all these countries and numerous other countries around the world, but not with the UK, which has numerous defence and security pacts with EU countries and which the EU relies on as a close ally and trading partner.
Here's a further list of countries that the EU is currently trying to negotiate free trade agreemente with and they have recently reached a deal with Canada. -
The idea that the UK would pay £40 Billion to the EU and receive no free trade agreement whilst the rest of the world strikes up free trade agreements and whilst British troops, planes and ships defend Europe is nonsensical.
Any deal will be similar to other EU trade deals with other countries, as well as equivalency access given to numerous other countries, as pointed out in my previous posts and there is precedent for deals in the “middle ground” between a Norway deal and a Canada deal, which would probably be the best option.
The UK also has the possiblity of signing other major new deals. I am all for getting the best deal we can with the EU and retaining good relations with the EU as well as exploring other potentially big trading deals. In terms of CANZUK, free trade and free movement would be an interesting proposition, whilst in terms of the EU we need to keep access open to skilled workers and retain defence and security cooperation, as well as some cooperation regarding nationals in each others countries and other such policies.
Of course, the UK will be able to negotiate trade deals with other nations and with the EU.
It just won't be the frictionless sweet deal they are getting now with the EU. Why do you think this is the best Brexit deal May could negotiate?
The UK will pay an economic price for leaving the EU. The UK economy has already slowed down. Economic predictions from the government as well as private think tanks new that it will slow even further.
A no-deal Brexit could result in as much as a 9% drop. Why do you think so many are advocating going with what they consider a bad Brexit deal? Because a no deal exit would be even worse.
Of course, the UK will be able to negotiate trade deals with other nations and with the EU.
It just won't be the frictionless sweet deal they are getting now with the EU. Why do you think this is the best Brexit deal May could negotiate?
The UK will pay an economic price for leaving the EU. The UK economy has already slowed down. Economic predictions from the government as well as private think tanks new that it will slow even further.
A no-deal Brexit could result in as much as a 9% drop. Why do you think so many are advocating going with what they consider a bad Brexit deal? Because a no deal exit would be even worse.
Wake up and smell the coffee.
You state that the UK will be able to negotiate a free trade deal and then start going on about a no deal. Look if half of North Africa and the Middle East, Canada, parts of Asia and many other parts of the world can negotiate free trade deeals then there is no reason why a country, 30 miles off the coast of France which has close deefence and security ties with Europe, as well as good relations including trade can't get a good free trade deal.
Furthermore we don't have some sort of sweet deal and most trade coming in to UK ports from across the world is frictionless, including trade with China and other countries.
All this frictionless trade is nonsense, the US exports $501 Billion a year of very frictionless trade in to the EU, with tariffs averaging under 3% and the US has a defict with Europe of around $92 Billion on goods and services, which Trump is getting annoyed about. Compare this with the UK which is tiny compared to the US and which has an $89 Billion deficit and has to pay a further $11 Billion dollars to the EU every year to pay for EU projects. So the US currently has a sweeter deal than we do at the moment.
What's more the EU have demanded a $50 Billion dollar payment from the UK as part of a leaving bill before a free trade agreement can be done. I would love to know where you get the idea that the UK gets some kind of sweet deal from the EU.
Indeed Britain has traded perfectly well for centuries, and we didn't join what was then the Common Market until 1973, and very nearly left in the 1980's when Margaret Thatcher demanded money back in terms of the Common Agricultural Policy, indeed we have often had a strained relationship with the EU rather than a sweet deal.
I have had enough nonsense regarding leaving the EU, to last a lifetime, and a no deal is very unlikely however if it happens then we revert to WTO rules which stipulate frictionless trade, and they have a Tribunal which ensures this is the case and which has the power to overrule all European courts.
Last edited by Brave New World; 12-01-2018 at 05:24 AM..
Brave New World, why do you change the words I write?
I did not write "free trade deal" I wrote "trade deals." Ditto earlier when I wrote "weaken the EU" not "weaken their economy."
Not trying to be snarky, but it has happened several times and I can't help but wonder what's going on.
Over and over I've written that of course the UK will be able to negotiate trade deals but it is unlikely they will get as good a deal with the EU as they have by being part of it.
You continue to change my words and then post long lists of links of how this building or that business is going up in the UK.
All fine and dandy, but everyone else in the known universe, with the notable exception of those who said two years ago that Brexit would be economically advantageous and then watched the economy slow down, is saying that leaving will involve further economic costs.
May's government is literally coming apart at the seams over this.
When Brexit is official in March, the US will be the first country to offer the UK a deal.
I'm thinking that priority will go to the Commonwealth of Nations before the U.S.
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