Bluerover
Player Valuation: £60m
Yet another going on about extending our time in the EU so as to avoid a cliff edge. Exactly what is this cliff edge ? We can trade with the EU on WTO rules, but reimburse exporters to the EU with the import tariffs collected from EU imports. Companies are well versed in operating WTO rules because we currently use them to trade with the rest of the world today, and it is a growing market for us, unlike the EU. The resource he speaks of requiring, is for new free trade agreements, and because we already operate EU standards we can both set up new agreements as we wish while piggybacking off existing and new EU agreements. We should prepare for WTO rules and let the EU push for a deal.....
I was at a conference recently where both the EU Agriculture Commissioner and a Head of Unit in DG Trade made it clear that while the EU would like to maintain its trade to UK it is actively seeking new markets. EU recently signed a major new agreement with Japan after the US pulled out of an almost completed agreement with that country.
If the UK makes tariffs too high for EU goods it will find itself isolated.
The Russian ban on EU goods as a retaliation for sanctions due to actions in Crimea was described as a blessing in disguise as the EU has since found new markets to replace Russia.
So don't depend on too much revenue from such tariffs as it may not materialise.
