3 ms·
With regards to trade tariffs, nobody expects the deal to be as good as the ones the UK had in the EU. However, in order for EU members to protect their own eco
by ZenoArrow 10y ago
With regards to trade tariffs, nobody expects the deal to be as good as the ones the UK had in the EU. However, in order for EU members to protect their own economies, you would expect some form of trade deal between the EU and the UK to be hammered out. The Eurozone isn't exactly in great health right now, even before Brexit, you'd expect politicians to want to perform some form of deal, even if it's only for the sake of damage limitation. The EU may want to make an example of the UK and drag these talks out, but I expect economics will win over political maneuvering in the end.
- Scarblac 10y agoAn example of a good deal would be: UK companies get access to the entire EU market if they follow EU regulations and UK citizens get freedom to move in the EU, and in return the UK also implements those regulations and gives EU companies free access, and gives EU citizens freedom to move in the UK. That's worse than what the UK had, because they wouldn't be part of the EU decision making process anymore and they'd still have as much immigration as now, and that's supposed to be the sore point. So I presume they wouldn't go for such a deal, but it's also hard to see the EU going for a deal this good.
- ZenoArrow 10y agoI doubt the UK would go for that deal either, so it's debatable whether it's a 'good' deal if neither group (on the whole) is likely to be interested in it. I'd suggest the deals made will be based on trade tariffs and product standards. Deals that required dealing with EU regulation or free movement of labour aren't likely to be popular in the UK. If the EU drags its heels, the UK will probably use it's position as a member of the British Commonwealth to push for increased trade between Commonwealth countries whilst it waits for EU trade deals to get ironed out.
- Scarblac 10y agoOf course the UK must negotiate with all the other countries it wants to trade with as well, not just the EU. But look at TTIP, that kind of thing takes decades.
- bayesian_horse 10y agoWell, the EU can't make such a deal without freedom of movement. All those countries the UK doesn't want EU immigrants out of? They aren't going to sign off on any deal without that. And good luck running your NHS without EU doctors...
- ZenoArrow 10y agoDoes the EU have any trade deals with countries outside the EU?
- rodgerd 10y agoYes. And I can tell you, as someone living in such a country, they're extremely hostile to the non-EU countries. And typically involve respecting EU naming rules (can't call it champagne!), food products held to much higher standards than EU manufacturers, and quotas.
- ZenoArrow 10y ago> "they're extremely hostile to the non-EU countries" Can you give me one example? As for Champagne, its a product from the Champagne region of France (similar to how Prosecco is from Italy), I don't see why it's a problem to call similar products from elsewhere sparkling white wine.
- bayesian_horse 10y agoThe problem is a much lower price or much lower sales ;-)
- ZenoArrow 10y agoIf you're referring to Champagne, then the answer is to build up your own brand. If I was in the drinks industry and produced cola, I don't have the right to sell it as Coca Cola. It's the same thing with Champagne.
- bayesian_horse 10y agoThe Leave campaign is fooling themselves over their negotiation leverage. The EU has some interest in cushioning the drop in trade, but it is a lot less sensitive to it, than the UK economy. There is no free trade without certain agreements, and these will at a very minimum include full freedom of movement for EU workers and enforcement of the full set of EU trade regulations.