This sounds like a job for me.
Current Affairs EU In or Out
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This sounds like a job for me.
peteblue
Welcome back Wayne
A fair point. But how is it that now the remainers have just discovered that voting leave may also mean leaving the single Market...did they not understand the referendum either ?......
The Esk
Player Valuation: £70m
Has anyone considered how we actually go about trading under WHO terms in the event of leaving the single market?
There seems to be an assumption that we just pick up a default set of terms and everyone is happy. But that’s not the case. In order to trade under WTO, we firstly have to leave the EU (and by default the EU/WHO terms) and then negotiate our own independent terms. The concern here is the length of time this will take after leaving the EU. There’s no precedent for a country extricating itself from an economic union whilst a member of the WHO. The WHO’s Director General forecasts it will take a minimum of two years to put such arrangements in place.
The greatest areas of difficulty is likely to be in farming both in terms of setting up tariffs but also in the negotiation of quotas – a scheme that allows a certain amount of agricultural produce to move at lower tariffs. This will almost certainly be the largest area of bilateral negotiations. Secondly there is the issue of farm subsidies – a reduction in subsidies might make the tariff and quota arrangements easier to negotiate but would damage the incomes of British Farmers.
Services are probably the biggest area of concern given its importance to the UK economy (we are the world’s 3rd largest exporter of services). The process of creating WTO service agreements has been described as “an excruciating legal process”. For example it took over 5 years to integrate Bulgaria and Romania who have far less advanced and significant service offerings than the UK.
And before the usual calls of scaremongering are made, it's not, it's a reflection of the difficulties the UK will face after they have negotiated Brexit.
There seems to be an assumption that we just pick up a default set of terms and everyone is happy. But that’s not the case. In order to trade under WTO, we firstly have to leave the EU (and by default the EU/WHO terms) and then negotiate our own independent terms. The concern here is the length of time this will take after leaving the EU. There’s no precedent for a country extricating itself from an economic union whilst a member of the WHO. The WHO’s Director General forecasts it will take a minimum of two years to put such arrangements in place.
The greatest areas of difficulty is likely to be in farming both in terms of setting up tariffs but also in the negotiation of quotas – a scheme that allows a certain amount of agricultural produce to move at lower tariffs. This will almost certainly be the largest area of bilateral negotiations. Secondly there is the issue of farm subsidies – a reduction in subsidies might make the tariff and quota arrangements easier to negotiate but would damage the incomes of British Farmers.
Services are probably the biggest area of concern given its importance to the UK economy (we are the world’s 3rd largest exporter of services). The process of creating WTO service agreements has been described as “an excruciating legal process”. For example it took over 5 years to integrate Bulgaria and Romania who have far less advanced and significant service offerings than the UK.
And before the usual calls of scaremongering are made, it's not, it's a reflection of the difficulties the UK will face after they have negotiated Brexit.
roydo
in memoriam - 1965-2024
GOT is invading my crossword these days. Damo yesterday, you today.
27a. "Stroke goat, perhaps, then run". (9)
Can I blame the EU, or Corbyn?
Thatcher, the evil witch.
peteblue
Welcome back Wayne
Ok.....then you may find it a bit difficult to understand why those of us who enthusiastically voted for a Common Market, a trading group, are not too pleased with being inside a political union that we have never been allowed to vote for until now.....
The Esk
Player Valuation: £70m
roydo
in memoriam - 1965-2024
I knew that. Main reason why I voted to stay.
tsubaki
Player Valuation: £90m
This is true, though the way the large parts of the Remain argument was framed (eg: "We aren't part of Schengen", "We won't be made to take refugees", "We aren't part of the Euro and won't have to fund bailouts for Eurozone nations" etc) would suggest that in advance of the vote those running the Remain campaign did recognize that a majority (probably quite a bit larger than the Leave vote was) of people did hold substantial concerns about the EU and the direction it was traveling in.
I am not sure those voters were wrong to hold those concerns either, to be honest.
roydo
in memoriam - 1965-2024
Ta, will look if needed. Bit too much on the easy side so far. Just the clue made me smile!
How does that even sense????
roydo
in memoriam - 1965-2024
Cryptic crosswords are a mystery, until you know the little rules and codes and stuff.
The Esk
Player Valuation: £70m
Stroke = swimming style, goat is an animal that butts, and fly is another word for run
peteblue
Welcome back Wayne
There will be some difficulties. The Uk, who helped to set up the WTO, is still a member in its own right. There may well be an issue about the WTO agreeing anything that the EU and the UK put in place, but we will both be pushing for it if that is the only way to trade. These difficulties can all be overcome with goodwill and the need of the UK and certain EU countries who either trade or suffer......
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