Current Affairs EU In or Out

In or Out

  • In

    Votes: 688 67.9%

  • Out

    Votes: 325 32.1%
  • Total voters
    1,013
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peteblue said:
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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Are we now reliant upon the "kindness of strangers" ?

Mark Carney specifically warned against this at the beginning of the year “The global general environment has become much more febrile, much more volatile, and relying on the kindness of strangers is not optimal in that kind of environment"
 
The Esk said:
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.
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Listen to Rees Mogg today on the daily politics the EU is stopping us from trading worldwide the tariffs will be nil watch it interesting!
By the way the telegraph report today according to him is tosh it was compiled by the Remainers campaign it ancient history they exclude free trade tariffs in the WTO with no tariffs which will now be the case because we are leaving the EU they wrote that drivel before the result not accounting for that and assuming the EU will place trade tariffs which for them would be suicidel!
 
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The Esk said:
Are we now reliant upon the "kindness of strangers" ?

Mark Carney specifically warned against this at the beginning of the year “The global general environment has become much more febrile, much more volatile, and relying on the kindness of strangers is not optimal in that kind of environment"
Click to expand...

And Mervyn King believes we will do Ok with Brexit and a lower value pound.....
 
The Esk said:
Are we now reliant upon the "kindness of strangers" ?

Mark Carney specifically warned against this at the beginning of the year “The global general environment has become much more febrile, much more volatile, and relying on the kindness of strangers is not optimal in that kind of environment"
Click to expand...
Better than the unkindness of enemies in the EU!
 
peteblue said:
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.....
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No I get it.

The EU has grown without democratic consent to become a far bigger beast.

In an ideal world, without the practicalities, I would have advocated leaving.

Unfortunately we don't live in an ideal world.
 
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