Current Affairs EU In or Out

[joey_macmo]

When it comes down to trade the EU has more to lose than the UK does.

Off the top of my head around 40% of our exports are to the EU and under 10% of the EU's exports are to the Uk so could you please explain

Edit: should have read to the end of the page really, already been pointed out above

 

[peteblue]

That's so untrue, 44% of our exports go to the EU, Germany, France and Italy only export 7-9% of their exports to Britain.

In absolute terms he was correct. They sell more to us than we do to them. And THAT cannot be questioned......

 

[Bruce Wayne]

In absolute terms he was correct. They sell more to us than we do to them. And THAT cannot be questioned......

Relative is more important than absolute though isn't it Pete? I appreciate that this isn't going to happen, but us losing 40% of our trade is far more damaging than Germany losing 7% of theirs.

 

[peteblue]

Relative is more important than absolute though isn't it Pete? I appreciate that this isn't going to happen, but us losing 40% of our trade is far more damaging than Germany losing 7% of theirs.

Of course it is, but we won't lose it all, it will have tariffs put on and we will put tariffs on their's, the EU sell more to us than we do to them so we make more on tariffs than they do. No one wants a lose/lose scenario and the pain for the likes of Germany is more than enough to get them to do a deal. We have over two years to get our house in order with additional RoW trade with many countries already lining up to do a deal. We will end up with a larger proportion of our GDP as exports as a result.

The EU is becoming very insular, with the likes of Germany and France more than happy to have a 'locked in' market in what is effectively a carve up. We need to look forward and outwards not just within this bureaucratic talking shop.....

 

[Bruce Wayne]

Of course it is, but we won't lose it all, it will have tariffs put on and we will put tariffs on their's, the EU sell more to us than we do to them so we make more on tariffs than they do. No one wants a lose/lose scenario and the pain for the likes of Germany is more than enough to get them to do a deal. We have over two years to get our house in order with additional RoW trade with many countries already lining up to do a deal. We will end up with a larger proportion of our GDP as exports as a result.

The EU is becoming very insular, with the likes of Germany and France more than happy to have a 'locked in' market in what is effectively a carve up. We need to look forward and outwards not just within this bureaucratic talking shop.....

I'm not sure a tariff war is in anyone's interest so I sincerely hope that doesn't happen. Regarding the trade deals, the Economist had an interesting piece this week on the personnel required to do such deals, as we have been able to do without such roles for a few decades now. Long story short, we might be able to pull some British nationals back from the EU trade teams, and their counterparts in the WTO, but that alone still leaves us quite short. We could import them from other countries, but I'm not sure that's ideal either, whether from a practical or political perspective.

To put things into perspective though, BIS are advertising for around 500 such negotiators so it's a huge undertaking, and that's just the trade side of things. There will also be a huge job unpicking what is currently EU and will have to be UK from now on, whether that's regulations or laws. Really is a huge undertaking, and I'd be interested to see just how big the budget for the 'Brexit department' will be.

 

[peteblue]

I'm not sure a tariff war is in anyone's interest so I sincerely hope that doesn't happen. Regarding the trade deals, the Economist had an interesting piece this week on the personnel required to do such deals, as we have been able to do without such roles for a few decades now. Long story short, we might be able to pull some British nationals back from the EU trade teams, and their counterparts in the WTO, but that alone still leaves us quite short. We could import them from other countries, but I'm not sure that's ideal either, whether from a practical or political perspective.

To put things into perspective though, BIS are advertising for around 500 such negotiators so it's a huge undertaking, and that's just the trade side of things. There will also be a huge job unpicking what is currently EU and will have to be UK from now on, whether that's regulations or laws. Really is a huge undertaking, and I'd be interested to see just how big the budget for the 'Brexit department' will be.

I would think that untangling from the Eu and establishing additional trade links will easily run into a couple of £Bn. The people required will be found, 500 specialists sounds a lot but they exist or will be trained, as has been said earlier New Zealand have even offered up some of their people if required. Putting together large specialist teams does take a bit of time but the UK government has a great many people in government and private law firms it can call upon. Redeveloping these skills and mindsets will be good for the country......

 

[Blue 1]

Cornwall doesn't have it's own parliament, and isn't a nation.

Although, the economic argument for Scotland leaving the UK is far less convincing after Brexit than before

Kidge dhe vez.

 

[TheBlueGibbon]

Kidge dhe vez.

Jarg Welsh/Breton.

 

[Librarian]

Kidge dhe vez.

*Bless you

 

[Pootsy]

Kidge dhe vez.

Thats one way past the sear filter lol

 

[Toffeelover]

That's so untrue, 44% of our exports go to the EU, Germany, France and Italy only export 7-9% of their exports to Britain.

I believe but perhaps my eyesight is failing I did not refer to individual countries but to the EU. So let's be clear are we running a trade deficit with the EU or not.

Any more remoaners out there?

 

[Toffeelover]

Off the top of my head around 40% of our exports are to the EU and under 10% of the EU's exports are to the Uk so could you please explain

Edit: should have read to the end of the page really, already been pointed out above

Why not put those figures in currency terms.

 

[The Esk]

I believe but perhaps my eyesight is failing I did not refer to individual countries but to the EU. So let's be clear are we running a trade deficit with the EU or not.

Any more remoaners out there?

I am not sure why you need to characterise my position as such.

The value of EU trade to our economy is of much greater significance to us then their trade to us is to them.

That is an undeniable fact.

 

[Toffeelover]

I am not sure why you need to characterise my position as such.

The value of EU trade to our economy is of much greater significance to us then their trade to us is to them.

That is an undeniable fact.

Answer the question, do we have a trade deficit with EU, Yes or NO?

 

[peteblue]

Answer the question, do we have a trade deficit with EU, Yes or NO?

This has been answered further up the page. We DO have a trade deficit with the EU, all of this 'it's hurts us more than them' rubbish is just playing around the edges. Deals will be done and if not then many countries will feel a lot of pain, Germany and ourselves included......