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Why would the US sign a free trade deal with the UK, when it wouldn't sign one with the much larger EU? I fully expect my government to insist on conditions fav
by Kalium 6y ago
Why would the US sign a free trade deal with the UK, when it wouldn't sign one with the much larger EU? I fully expect my government to insist on conditions favorable towards the much larger and much richer party in UK-US trade relations.
- dukeyukey 6y agoBecause before the EU can sign off on a trade agreement, it needs to be unanimously accepted by every member state, which takes an absolute ton of time. The CETA deal with Canada was held up solely by a region of Belgium at one point. It's a lot easier to get a trade deal with the UK, where you're only dealing with one government with a much more specific set of interests. Source: https://www.bbc.co.uk/news/world-europe-37749236 https://www.bbc.co.uk/news/world-europe-37749236
- GekkePrutser 6y agoThey were right imo, ceta was a big mistake. Unfortunately this kind of resistance always caves to internal pressure. Similar to the resistance to software patents by Poland.
- djmobley 6y agoBecause a free trade deal between the US and UK would be mutually beneficial. Talks have been ongoing for some time now, and I would expect a deal to materialize in the coming years.