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NAFTA members are free to negotiate trade agreements with other parties. For example, Mexico has a trade agreement with the EU. So, conceivably, the UK could negotiate an agreement with the EU as a NAFTA member.
And, in general, NAFTA membership might mitigate a potential disadvantage-that governments may perceive that the Brits are negotiating from a position of weakness, because they are so desperate for trade agreements that they will sign a bad one.
Excellent news from Brussels.
As expected Merkel and Macron are making things difficult which thankfully makes a Hard Brexit more likely.
If May could only give Hammond the elbow and get in a Chancellor who actually wants to prepare for no deal we'd be a lot better off.
If the goal of the EU is to make an example of the UK, then I would expect that any trade agreement will be poor at best, and only marginally more helpful than trading under WTO rules.
The end of the EU might lead to a rise in the Anglosphere, and a rise in trade with old Commonwealth Allies, as well as other new trade deals. As for the EU we will continue to trade, however no deal will result in the EU punishing itself in relation to the £100 Billion annual surplus it has with the UK.
As for payments, we owe nothing and you do not try to charge someone for access to a market in which the EU make a lot of money from the UK. We are not liable for any massive payment after even agreeing to an extended period of two years, and we would be better off just trading under 'WTO Rules' which would most likely be at zero tariff as long as we had full access to the EU Market, if obstacles were however put in our way we could go to mandatory WTO Rules and slap 10% on German Cars or other export markets where the EU has a substanial trade surplus. We would also be free to make Trade Agreements with growing markets and if no deal is done we will be free from EU Courts and interference full stop forever.
Quote:
Originally Posted by The Express
Speaking on the Today programme, on BBC Radio 4, Mr Hannan said Britain would be the European Union’s largest export destination after Brexit and ought to be treated properly.
He said: “We’re talking about 27 countries which are our friends and our allies and are also our suppliers and our customers.“We want them to succeed, wealthy neighbours make good customers.
“If we choose to remain part, as a number of non-EU countries do of various programmes on policing or whatever, like Canada does, Israel does, obviously we’d pay.
“You don’t pay for trade. No country pays or charges for access to its market. Trade is not a favour you bestow on other people, it’s a favour to yourself.
“That’s why I think this bit of the talks will be the easiest because on the day we leave the EU, we will become the EU’s single biggest export destination.”
International trade secretary Liam Fox previously said a free trade agreement with the EU would be one of the “easiest in human history”
He said the UK and Brussels bloc had a good starting point with “exactly the same” rules and laws.
Mr Hannan, who has launched a new think tank called the Institute for Free Trade, added: “I think Liam Fox was right when he said the trade bit of our eventual talks with the EU, will be the easiest bit.
“Vis-a-vis the 27, we’re starting from a position of zero tariffs and of regulatory equivalence, that bit’s fairly easy to maintain.
I suggest that the U.K. not count on NAFTA or the U.S. as long as Trump is in control. It looks like the U.S. wants out of NAFTA as they have tossed in some poison pills into their proposals. I think Trump wants Canada and Mexico to walk away first so Trump can say he tried.
A comment from the Globe and Mail this morning:
Quote:
Canadian trade negotiators are expressing doubt that a deal will go well. “It is the most protectionist administration since the early 1930s,” one source told The Globe.
Sure, Trump would be happy to do a deal with the U.K. as long as he feels his voting base would view the deal is a big win. I doubt the U.K. would agree to his terms though.
Justin Trudeau to a U.S. congressional committee two days ago:
With that kind of leverage as well as close neighbour ties, if Canada is unable to strike a deal with the U.S., why does the U.K. think it can?
Four letters.
GCHQ.
It's a state of the art listening post in Cheltenham that is a vital part of the American strategic influence in Europe and the Middle East.
It is a sophisticated eyes and ears over Europe that no other country in the EU has.Even remotely.
Canada has maple syrup and ice hockey.
You might think it absurd but power and influence is what drives trade deals.Obama never understood that but Trump does.
There will be a deal.
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