Toffeelover
Player Valuation: £80m
I wonder if he will accept restricted movement if he the EU wants to trade with us after all they sold more to us than we did to them.
Current Affairs EU In or Out
- Thread starter micknick
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I wonder if he will accept restricted movement if he the EU wants to trade with us after all they sold more to us than we did to them.
Toffeelover
Player Valuation: £80m
In the news today it is being said that Merkel/Germany want rid of Schultz and after that Juncker. Meanwhile both are pressing for more central control of the EU.
peteblue
Welcome back Wayne
She can see that both will never admit that they played a part in Brexit and would be a nuisance in trying to negotiate a sensible UK / EU deal. As I've said, it's in Germany's interest for Brexit to go smoothly.........
Toffeelover
Player Valuation: £80m
Said it before Pete if they had been a bit more conciliatory with Cameron who was only after a 4 year deal, the remain camp would have taken the day but no.
There has been criticism rightly that we had no plan but neither did the EU leaders have any idea of what could happen or have a plan.
dandydan
Player Valuation: £40m
If various French governments had listened to their citizens over the years then the le pen family would be nobodies.
I'm afraid it isn't always that simple. Take fracking for instance. The recent license given in Yorkshire was opposed by something like 97% of locals on environmental grounds, yet the Committee on Climate Change have come out saying there are no fears this week, the ImechE have come out saying there are no concerns, there have been no cases in the hundreds of wells being mined in America. It's a blatant case of fearmongering run wild, and it's a good thing that the officials involved have stood up for what is right.
peteblue
Welcome back Wayne
The only plan was carry on building a Superstate. Fortunately a series of poor politicians aligned to provide a good enough reason to leave.......anyway it's all about rebuilding our links around the globe now, I'd love to be in my 30's again......
There have been cases in the USA claims on fracking where water wells for farmers have benn polluted their drinking water one test of Fracking in Lythm st Anne's shook Blackpool tower it's only safe if it's not on your backdoor step!
peteblue
Welcome back Wayne
Opportunity Knocks....
Barack Obama’s top trade chief Michael Froman said the UK could apply to join the Trans-Pacific Partnership (TPP), a trade agreement between 12 nations including America, Australia, Japan and New Zealand.
This contradicts the threats made by Obama in the run-up to the EU referendum where the US President took to the stage with David Cameron to say Britain would be disadvantaged in trade deals if the UK voted for Brexit.
The TPP deal was finalised in February after seven years of negotiations but is yet to come into force.
With the other countries involved including Canada, Peru and Mexico, the deals reach covers 40 per cent of global economic output and a collective population of about 800 million - double that of the EU’s single market.
Most goods and services are involved in the trade deal, but there are some tariffs on manufactured and agricultural products.
Should Britain join the trade agreement, it would be the third largest economy in the trade bloc.
The trade deal has received plaudits from British politicians, with foreign secretary Philip Hammond calling the deal a “potentially important, liberalising” step forward.
Mr Froman said Britain’s entry into the multi-nation trade bloc was one of “multiple ideas” being debated in America.
Barack Obama’s top trade chief Michael Froman said the UK could apply to join the Trans-Pacific Partnership (TPP), a trade agreement between 12 nations including America, Australia, Japan and New Zealand.
This contradicts the threats made by Obama in the run-up to the EU referendum where the US President took to the stage with David Cameron to say Britain would be disadvantaged in trade deals if the UK voted for Brexit.
The TPP deal was finalised in February after seven years of negotiations but is yet to come into force.
With the other countries involved including Canada, Peru and Mexico, the deals reach covers 40 per cent of global economic output and a collective population of about 800 million - double that of the EU’s single market.
Most goods and services are involved in the trade deal, but there are some tariffs on manufactured and agricultural products.
Should Britain join the trade agreement, it would be the third largest economy in the trade bloc.
The trade deal has received plaudits from British politicians, with foreign secretary Philip Hammond calling the deal a “potentially important, liberalising” step forward.
Mr Froman said Britain’s entry into the multi-nation trade bloc was one of “multiple ideas” being debated in America.
Well, it's a distant view of a swallow. Not made a Summer yet though....
The Trans-Pacific Partnership Agreement has the same pitfalls that are so evident in TTIP, namely the investor-state dispute settlement and the opposition to it in America. A central plank of those against TTIP is that the NHS, as we know it, will be under threat of further privatisation. The same will apply with the Trans-Pacific Partnership Agreement.
peteblue
Welcome back Wayne
Of course it is. But these sort of deals are out there. It will take time and a lot of effort but we will fix up the right ones in addition to whatever deal we do with the EU........we will look back on this episode in five years time and wonder why we didn't do it sooner....
peteblue
Welcome back Wayne
There will always be the same pitfalls, but at least it will be the UK that signs us up not the EU, and if we don't like it then we don't sign. If we do like it then trade with the RoW will increase and we will still end up with an EU deal......
The UK already trades with the rest of the world as does the EU and have many many Free Trade Agreements with a large chunk of the world. It is not trade deals that are stopping the UK from increasing its share of world trade, but what they sell. With having such a small manufacturing base, that is very limited and specialised it e.g Rolls Royce, pharmaceuticals, and certain other high spec machines there is a limited market for those goods. Which are also in competition with German, America and China.
The UK already trades with the world including the commonwealth. For example a £9 billion trade deal with India and Free Trade Agreements with Commonwealth countries.
"It’s sometimes suggested that the EU’s trade deals with other countries don’t benefit the UK. But the UK’s exports to Commonwealth countries have been increasing at over 10% a year – with increases (over two years) of 33% to India, 31% to South Africa, 30% to Australia and 18% to Canada. In fact, since 2004, British exports to India are up 143%. Needless to say, this increase in trade with the Commonwealth (while an EU member) must have created or maintained many British jobs.
Is it possible that after leaving the EU, the UK could negotiate trade deals with Commonwealth countries more quickly, or deals which are even more favourable to the UK? First of all, as noted above, the EU already has agreed trade deals with 64% of Commonwealth countries, and is negotiating with another 26%. Some of the latter negotiations are likely to be completed by the time that ‘Brexit’ took place".
"Below is a list showcasing 15 of United Kingdom’s top import partners, countries that imported the most UK shipments by dollar value during 2015. Also shown is each import country’s percentage of total UK exports.
- United States: US$66.5 billion (14.5% of total UK exports)
- Germany: $46.4 billion (10.1%)
- Switzerland: $32.2 billion (7%)
- China: $27.4 billion (5.9%)
- France: $27 billion (5.9%)
- Netherlands: $26.6 billion (5.8%)
- Ireland: $25.5 billion (5.5%)
- Belgium: $17.8 billion (3.9%)
- Spain: $13.1 billion (2.8%)
- Italy: $12.9 billion (2.8%)
- United Arab Emirates: $10.3 billion (2.2%)
- Hong Kong: $9.6 billion (2.1%)
- South Korea: $7 billion (1.5%)
- Saudi Arabia: $6.7 billion (1.5%)
- Sweden: $6.6 billion (1.4%)
Among these top trade partners, UK imports to China rose in value at the fastest pace from 2011 to 2015 with a 94.2% gain.
In second place were South Korean importers, which grew their imports from the UK by 72.9%.
Saudi Arabia and United Arab Emirates boosted their imports purchases by 36% and 23.5%, respectively.
America’s imports from the UK increased by 5.7% over the 5-year period".
Edit. Please don't take this as having a go at you. I appreciate that you have a lot to say and we can all learn from each others point of view and understand things better with that.
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The lack of a UK industrial strategy will always hinder trade. The over reliance on the City of London, lending and borrowing and consumption to boost the economy will hinder the UK's ability to take advantage of any trade deal.
The case of Graphene is a case in point. Invented in Manchester but now developed in China due to the lack of funding from the UK financial sector. No factory was financed by UK money to take advantage of this product.
China-made graphene bulb to debut in UK
The case of Graphene is a case in point. Invented in Manchester but now developed in China due to the lack of funding from the UK financial sector. No factory was financed by UK money to take advantage of this product.
China-made graphene bulb to debut in UK
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