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I'm surprised that we haven't started yet. I mean I know as part of the EU we can't officially pursue Extra-EU trade treaties. However we're leaving the EU, what's Brussels going to do kick us out? Make negotiation more difficult? Threaten those we're negotiating with? None of those actions will achieve the EU'S goals. I think people need to kind of realize that the old rules don't really apply, like when you switch jobs or decide to get divorced, sometimes it takes time to percolate that what once was is no longer, so go play by your own rules.
The UK will secretly negotiate deals behind closed doors, no doubt about that.
I'm surprised that we haven't started yet. I mean I know as part of the EU we can't officially pursue Extra-EU trade treaties. However we're leaving the EU, what's Brussels going to do kick us out? Make negotiation more difficult? Threaten those we're negotiating with? None of those actions will achieve the EU'S goals. I think people need to kind of realize that the old rules don't really apply, like when you switch jobs or decide to get divorced, sometimes it takes time to percolate that what once was is no longer, so go play by your own rules.
Exactly. We get told, "oh you can't negotiate any trade agreements with other nations, while in the EU!!" So says that double act Tusk and Juncker. What they going to do about it, if we do? Go make us stand in the corner?
They're going to play dirty, so I don't see what we have to fear. It always seems we follow the rules, and in this case I don't see why we should any more. I feel there will be a hard Brexit whatever we do as a country. The EU are already pushing us, and trying to undermine our Prime Minister. **** 'em.
The government's commitment to foreign aid spending is clearly a way of gaining diplomatic capital with those nations.
Yes and no, foreign aid to India for example is a drop in the ocean, many Indians will say, "keep your money".
Also aid is predominantly given to the more impoverished nations. Although some may be given to the emerging economies its nowhere near enough to gain diplomatic capital. Emerging economies such as Indonesia, Malaysia, Thailand, Philippines, Brazil, Colombia, Peru, Mexico, South Africa, Kenya and India will require strategic foreign direct investment in order to create substantial political capital.
Quote:
Originally Posted by English Dave
Exactly. We get told, "oh you can't negotiate any trade agreements with other nations, while in the EU!!" So says that double act Tusk and Juncker. What they going to do about it, if we do? Go make us stand in the corner?
This tactic won't work as no-one would want to do a trade deal until there's a clearer picture of the relationship between the rest of the EU. What the UK should be doing however is drawing up a template behind closed doors for a trade deal with the US. This will substantially off-set any trade loss with the EU except in financing where New York stands to gain if passporting is denied to the city.
Yes and no, foreign aid to India for example is a drop in the ocean, many Indians will say, "keep your money".
Common misconception, the government is no longer providing aid to India. Negative publicity and public outrage essentially forced them to cut it off. Although I think the UK still gives them loans.
What the UK should be doing however is drawing up a template behind closed doors for a trade deal with the US. This will substantially off-set any trade loss with the EU except in financing where New York stands to gain if passporting is denied to the city.
Actually, individuals could immediately start working on possible templates, working in parallel.
Conceivably, the UK government could consult with the Canadians who were involved in the negotiations that set up NAFTA.
You may have looked at poll results online. Some polls are concerned with peoples' opinions about different countries. Some countries may be viewed favorably. Other countries, not so much.
The countries viewed most favorably by the American public: UK, Canada, Australia.
As the USA retreats from globalization, these are among the handful countries that will enjoy (largely) unhindered access to the U.S. market.
Last edited by Tim Randal Walker; 05-01-2017 at 08:29 PM..
A couple of vital stats to remember whenever you hear a Remoaner whining about a Hard Brexit.
In the event of one the UK will trade under WTO(MFN) rules under which our average tariff will be around 4%.
On the day the UK leaves the EU our annual contributions to its budget will also cease.These currently amount to the equivalent of export tariffs of around 7%.
Tariffs are also a two-way street.
Sometimes simple truths get lost in the noise of the battle.
A couple of vital stats to remember whenever you hear a Remoaner whining about a Hard Brexit.
In the event of one the UK will trade under WTO(MFN) rules under which our average tariff will be around 4%.
On the day the UK leaves the EU our annual contributions to its budget will also cease.These currently amount to the equivalent of export tariffs of around 7%.
Tariffs are also a two-way street.
Sometimes simple truths get lost in the noise of the battle.
The whole point is however that there are financial commitments that the UK needs to pay or the EU will simply reject WTO rules and get into a trade war. And most likely, this will end up in an international tribunal with British assets being sized as a result.
Not to mention the critical hit to the credit worthiness of the UK once other countries realise that contractual terms are meaningless with this UK, as it will not honour them when it doesn't feel like it. This is a far bigger concern in the long run.
It looks like the UK is trying to test the unity as much as possible and will try to negotiate in close doors with each individual country in order to break the union. Will that strategy really succeed in the current context? It seems very unlikely, but why not.
The rapport de force is definitely not in favour of the UK right now, and Theresa May seems to believe that a strong stance will get everything. Well, it only works if you are in a position of full power. Otherwise, people will just doubt your professionalism and your sense of responsibility.
The whole point is however that there are financial commitments that the UK needs to pay or the EU will simply reject WTO rules and get into a trade war. And most likely, this will end up in an international tribunal with British assets being sized as a result.
Not to mention the critical hit to the credit worthiness of the UK once other countries realise that contractual terms are meaningless with this UK, as it will not honour them when it doesn't feel like it. This is a far bigger concern in the long run.
It looks like the UK is trying to test the unity as much as possible and will try to negotiate in close doors with each individual country in order to break the union. Will that strategy really succeed in the current context? It seems very unlikely, but why not.
The rapport de force is definitely not in favour of the UK right now, and Theresa May seems to believe that a strong stance will get everything. Well, it only works if you are in a position of full power. Otherwise, people will just doubt your professionalism and your sense of responsibility.
The EU can't reject WTO rules unless it withdraws from the WTO, and if it does then it's open season on tariffs for EU goods and services. That is an option, not one that would end well for the EU.
The whole point is however that there are financial commitments that the UK needs to pay or the EU will simply reject WTO rules and get into a trade war. And most likely, this will end up in an international tribunal with British assets being sized as a result.
Not to mention the critical hit to the credit worthiness of the UK once other countries realise that contractual terms are meaningless with this UK, as it will not honour them when it doesn't feel like it. This is a far bigger concern in the long run.
It looks like the UK is trying to test the unity as much as possible and will try to negotiate in close doors with each individual country in order to break the union. Will that strategy really succeed in the current context? It seems very unlikely, but why not.
The rapport de force is definitely not in favour of the UK right now, and Theresa May seems to believe that a strong stance will get everything. Well, it only works if you are in a position of full power. Otherwise, people will just doubt your professionalism and your sense of responsibility.
Just as the EU expects the UK to pay up for her liabilities, the UK is also entitled to a share of EU assets upon leaving.
However, I very much doubt that there is anything in the various EU treaties about a financial settlement where a member state leaves the organisation in which case there is no legal basis for demanding payment of either liabilities or assets.
There is certainly nothing in Article 50 about payment:
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