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Brexit

Trading under WTO rules...what it means if no deal.

91 replies

PeridotCricket · 14/12/2018 20:23

Link to an excellent explanation as to what no deal Brexit means.

drive.google.com/file/d/1qOyv69Cn-5-OoQldwely301TWyj5heTZ/view

Or on twitter but less east to read twitter.com/uk_domain_names/status/1073221524545363973?s=21

OP posts:
PostNotInHaste · 03/02/2019 14:20

So just for clarity here, it’s all Germany’s fault, they should know their place having lost the war and are now ruling us through Brussels and we need to break free ?

Spinflight · 03/02/2019 14:23

WTO / No deal brexit means going to the supermarket and seeing produce from all over the world competing on price and taste for your custom.

Rather than exclusively merely higher priced Eurotrash.

So if donkey meat is your thing then someone may sell it.... Each to their own.

PostNotInHaste · 03/02/2019 14:25

And if someone disagrees with your way of thinking on tariffs then they are not a true Brit so we’re back to the traitor narrative again ?

PerverseConverse · 03/02/2019 14:34

*WTO / No deal brexit means going to the supermarket and seeing produce from all over the world competing on price and taste for your custom.

Rather than exclusively merely higher priced Eurotrash.*

Are you on glue?

Havanananana · 03/02/2019 14:38

WTO / No deal brexit means going to the supermarket and seeing produce from all over the world competing on price and taste for your custom.

Rather than exclusively merely higher priced Eurotrash

More delusional nonsense.

The UK (and EU) currently imports food from all over the world, particularly from Africa and South America, without imposing tariffs. This is done on condition that these countries follow the EU's standards regarding food quality and the use of chemicals etc. The UK's former colonies also benefit from this arrangement. The UK benefits from this EU arrangement, and 750 other Agreements, that are being torn up on 29th March, to be replaced by Fox's invisible Trade Agreements that he has not managed to sign, to provide goods on non-existent ferries.

There will be no competition on price. Partly because there are currently no tariffs anyway on these goods, and partly because the market price of products is based on the meeting point between what sellers will sell at and what buyers will buy at. Page 1 of any Economics textbook. E.g. 60 million UK consumers currently buy oranges at a market price of 50p per orange. If the retailers can source oranges from 'Fruitopia' for half the price that they currently pay, will the new retail price be

a) 25p b) 35p or c) 50p?

Spinflight · 03/02/2019 15:12

"There will be no competition on price. Partly because there are currently no tariffs anyway on these goods,"

Lol!

ec.europa.eu/taxation_customs/dds2/taric/measures.jsp?Lang=en&SimDate=20190203&Area=&MeasType=&StartPub=&EndPub=&MeasText=&GoodsText=&op=&Taric=0805108010&search_text=goods&textSearch=&LangDescr=en&OrderNum=&Regulation=&measStartDat=&measEndDat=

Oranges - tariff 16%

1tisILeClerc · 03/02/2019 15:28

I don't know why there is so much steam being let out about tariffs. The UK can't do what it wants unilaterally, WTO rules state that if you offer one rate it has to be for all, and another point that other countries wishing to trade will have their view on things, which could be expressed as the tariff rate or changes to certifications/regulations.

Mistigri · 03/02/2019 15:28

So if donkey meat is your thing

What?!

YeOldeTrout · 03/02/2019 15:32

Spinflight, why do you have to do so much name-calling? Remoronics, crybaby, toffee-nosed?

Mistigri · 03/02/2019 15:33

I think the casual racist dog-whistle of "eurotrash" and the donkey meat comment go a bit far tbh.

YeOldeTrout · 03/02/2019 15:53

Reducing tariffs is by far and away the single best way to alleviate poverty around the world. As detailed here

www.copenhagenconsensus.com/sites/default/files/post2015brochure_m.pdf

...And that's from the experts.

Link was to a flyer from a US-funded think tank, headed (staffed only?) by a Danish guy with degrees in political science (not economics). He was a lecturer in statistics & moved into policy research areas. He is a climate change contrarian, his (self-appointed expert) thinktank group is funded by conservative American political forces including active climate-change skeptics.

I dunno. He's not ticking my boxes for environmental, trade or economics expert.

Havanananana · 03/02/2019 16:08

Oranges - tariff 16%

Only for the few countries that do not have a 0% deal with the EU - which are listed at length underneath the 16% figure and include all of the major orange-producing countries.

Havanananana · 03/02/2019 16:09

WTO / No deal brexit means going to the supermarket and seeing produce from all over the world competing on price and taste for your custom

Or it could look like this.

Trading under WTO rules...what it means if no deal.
Maryjoyce · 03/02/2019 16:15

Caringcarer. Totally agree with you. So much rubbish scare stories been posted daily it’s like a episode of Star Trek

Maryjoyce · 03/02/2019 16:18

Havana. your so far out in your post it’s so funny

bellinisurge · 03/02/2019 16:19

Again, @Maryjoyce , you believe what makes you happy. You do what works for you. Some random on the intranet contradicting the evidence of my eyes isn't going to change my mind about how stupid No Deal Brexit would be. Why is the army forward purchasing, why is the DfE warning of problems with school meals? Is it just to piss you off? Is it because Theresa May is all powerful and can bend everyone to her will (little evidence of that?)
Reacting sensibly and calmly is the thing to do. Sneering and sniping helps no one.

Maryjoyce · 03/02/2019 16:23

Encouraging people to panic buy only creates the result you worry of

Maryjoyce · 03/02/2019 16:23

We have just seen the same performance because of 3 days of snow

Maryjoyce · 03/02/2019 16:24

Idiots buying 10 bottles of milk instead of the normal 3 along with bread and no end of other things

Ta1kinPeace · 03/02/2019 16:25

The WTO is 480 unelected technocrats in Geneva.
be careful what you wish for...

and as UK manufacturing will suffer a MASSIVE hit when the car makers move their factories out
there will not be many people still able to afford a BMW

Maryjoyce · 03/02/2019 16:28

Wouldn’t want a BMW if gave it me for free

Buteo · 03/02/2019 16:45

The result has been the demise of UK manufacturing

Then how come the UK is the 9th largest manufacturing nation by output in the world?

Havanananana · 03/02/2019 16:46

Maryjoyce

I'm happy to have a discussion with you, or anyone else, based on facts rather than on feelings.

You agree with caringcarer when she makes statements that are incorrect or inacccurate:

Some companies who trade with both EU and non EU traders and say it takes about 15 seconds to complete an electronic form if non EU - My company trades around the world. The non-EU electronic form takes more than a few seconds to complete and is just a minor task at the start of the process. Shipping goods to a non-EU country involves using an agent and can take hours at the Customs posts both leaving the UK and entering the non-EU country. This delay is not going to get any shorter once the UK leaves the EU and will severely impact our ability to export both to non-EU countries and to the EU.

Some of the countries we trade with via EU have already offered us the same terms when we leave EU - no they haven't. Fox has concluded no deals at all with any of the major countries that the UK trades with. It is in the interests of these countries to wait until the UK is really suffering from the consequences of Brexit before entering into any agreements. Canada and others have already complained to the WTO about the UK attempting to roll-over the current EU agreements and quotas. They are lining up to take the UK to the cleaners.

We can still trade with EU just do so on WTO tarriff rates. There is no such thing as WTO tariff rates. UK goods would be charged the same rates as any other non-EU goods in order to gain access to the EU, making them too expensive for EU customers.

At the moment we pay a high tarriff on clothing from EU and WTO rates is lower for clothing so clothing would become cheaper. - Obviously untrue. At the moment the UK pays zero tariffs on clothing imported from the EU (even Boris knows this - it's one of his 'go-to' statements when he's telling us that the Italian fashion industry will be banging on doors to get a deal).

In the long run we should be able to join the Trans-Pacific Partnership Agreement to trade with Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. This is a loose trade agreement which will not prevent us trading freely with other countries - While not strictly incorrect, how will trading with countries thousands of miles away be better than trading with 450 million people just 20 miles away? What does the UK manufacture that can be competitive with the goods that these countries already buy - and if British products are so good, why are they not already being sold to these markets?

borntobequiet · 03/02/2019 16:51

Not sure what this Eurotrash on the supermarket shelves could be. Bonne Maman? Chorizo? Lasagne? Danish bacon?
Rubbish, the lot of it. Who won the war, I ask?

PerverseConverse · 03/02/2019 16:53

Mmmm Bonne Maman blueberry preserve. Food of the gods.