Julie8008 Wed 29-Nov-17 10:04:56
- If you want a deal that involves convergence with the EU, then you can kiss deals with everyone else goodbye
- Why is that? most countries are capable of multi-tasking. Or is it just remainers that can only do one thing at a time?
Because convergence with the EU involves adhering to/conforming to the EU's standards on food safety, animal care standards, banking regulations, tariffs on imports from third countries.
This means that the UK can't import tonnes of American chicken or beef because of the risk that food processors would turn it into processed products and sell it in Europe. The US is not going to agree to a trade deal that only focuses on products that will pass EU scrutiny while refusing access to chlorinated, battery raised chickens or beef raised in industrial farms, and treated with hormones to improve finished product.
The EU will not agree to any trading arrangement with the UK if there is a risk of the UK being used as a backdoor to European markets for products that do not meet its standards, or products that are being dumped - for instance the sale of steel at very low cost (dumped by an economy that has the capacity to absorb a loss on a sale, such as China) and passed on to the European market from the UK at a lower cost than EU steel, with the effect of putting EU steel makers out of business.
The UK will have to choose EU convergence or trade with other countries. There can be no middle ground. The EU will protect itself.
'Multi tasking' is a phrase that has no relevance in the realm of international trade agreements. Agreements involve protection.
'Most countries are capable of multi-tasking' - What does that even mean?
www.theguardian.com/business/2016/may/18/uk-and-eu-urged-to-act-on-chinese-steel-dumping-after-us-hikes-duty-on-imports
Here is an idea of the problem with steel dumping.