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Article 50 specifies exactly what will happen: WTO rules will apply. I think most people now are assuming WTO and considering anything else to be a bonus.
by gaius 9y ago
Article 50 specifies exactly what will happen: WTO rules will apply.
I think most people now are assuming WTO and considering anything else to be a bonus.
- interdrift 9y agoWTO deals can take years to negotiate. The U.K's land of heaven is lobbying in Brussels so they can get a fair to everyone deal. As my British friends say, can't have your cake and eat it.
- gaius 9y agoNo, it takes years of negotiations to change WTO rules, but the rules as they are will apply automatically in the absence of any other deal
- Tomte 9y ago„WTO rules“ are just a framework for trading rules. Those rules itself still need to be negotiated. For example, „which form do you have to fill with which information in how many copies, in order to export pastry?“. That‘s much faster than a real trade deal, because it‘s mostly administrative, but it is still a hurdle to clear before you can trade under „WTO rules“. And now do that for a gazillion sectors and special cases. With every trading partner.