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Bloomberg reported last October that the U.S. is threatening to block Britain from joining a 46-nation public procurement agreement when it leaves the EU in March, a move that would deny British companies access to a near $2 trillion marketplace in order to force Britain into a deal it does not want.
However, the trade deal that the Brexiteers want is achieved through a hard Brexit. This means predominantly doing a deal with America. From the statistics we do have, there’s no point in signing a trade deal with Donald Trump’s finger lickin chlorine soaked chick’n arrangement. Britain exports £100 billion to the USA annually. We import about £60 billion from the USA. Donald Trump will demand a halt to the USA/UK trade deficit of £40 billion (as he has with other trading partners) and whatever deal is done, it has no way to fill the void left by the reduction of GDP with the current Brexit plan, let alone a hard Brexit.
Procurement is nothing to do with being able to trade, we can still trade under WTO ruless as we do know, and can still take the US to the WTO tribunal if they fail to comply.
Any block to procurement could also be taken up at an international level.
Although given the fact Britain is an important ally including in areas such as Intelligence, I doubt the US would actualy do this.
It also would be unpopular in the US and risk the future of US Intelligence facilities such as Menwith Hill.
Bloomberg reported last October that the U.S. is threatening to block Britain from joining a 46-nation public procurement agreement when it leaves the EU in March, a move that would deny British companies access to a near $2 trillion marketplace in order to force Britain into a deal it does not want.
Britain said it had secured agreement in principle on Tuesday to continue as an independent member of the World Trade Organization’s Government Procurement Agreement (GPA) after it leaves the European Union.
As for waiting out Trump, consider this-polls have indicated that the UK enjoys high prestige among the American public.
Along with Canada and Australia. In the near future the Anglosphere countries will likely be the only developed countries that have trade deals with the USA.
As for waiting out Trump, consider this-polls have indicated that the UK enjoys high prestige among the American public.
Along with Canada and Australia. In the near future the Anglosphere countries will likely be the only developed countries that have trade deals with the USA.
Well Ireland is English speaking and there's awful lot of them in USA.
You're suffering from the delusion that just because you post something that someone has written it must be right and that anyone who has a different opinion is thick.
Investment in infrastructure in the South East is and was due to demand and not to stimulate it.
It's called the chicken and egg theory.
We can just trade with the US as we do now, the EU don't have a free tade deal with the US and the EU and US manage $1.1 Trillion worth of frictionless trade, with the US exporting over $501 Billion worth of goods and services.
There may be opportunities for small to middling sized businesses to export to the Anglosphere. The Internet would help-small businesses, of course, have web sites. And there wouldn't be a need to hire interpreters.
A little knowledge of basic economics and how thing are put together dissipates the confusion in people's minds. Just read the posts on this thread. My oh my.
A little knowledge of basic economics and how thing are put together dissipates the confusion in people's minds. Just read the posts on this thread. My oh my.
" A little learning is a dangerous thing "
Alexander Pope
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