No, the EU is incompetent, inward looking and is unable to negotiate anything of any kind. It's managed one with South Korea and an unratified deal with Canada in all this time. Australia already has deals with China, India and the USA, far exceeding the quality of what the EU has achieved.(Original post by JordanL_)
Because the EU is very powerful and negotiates very beneficial deals. When they say they're going to fast track deals for us, what they mean is "we know you desperately need trade deals so we're going to bleed you dry and you'll get what you're given".
And no, that's something you've invented. The USA has for example suggested the UK can join the TPP, which is obviously an already existing framework of trade liberalisation.
It's taking so long because that's the EU's m.o. - Why do something in one day if you can stretch it out over a week and put it on expenses?(Original post by JordanL_)
The EU is currently negotiating TTIP with the US, and it's only taking so long because the EU is negotiating very hard to protect the interests of its member states. Our government won't be doing that because 1. We desperately need deals and 2. The Tories were one of the strongest supporters of TTIP in the EU.
And from the sounds of TTIP, the UK is getting a lucky escape.
No it wouldn't. Cheap Chinese steel and consumer electronics isn't going to put BAE or Rolls-Royce out of business.(Original post by JordanL_)
It's worth considering that a FTA with China would mean the end of the British manufacturing industry. All the unskilled workers whinging about there being no jobs (while unemployment is the lowest it's been for several decades) would end up in a situation where there really are no jobs.
British manufacturing is highly skilled. Most jobs are already unattainable for unskilled workers, and as such they are a red herring and have no relevance in the equation.
It's also worth noting Switzerland is a landlocked country surrounded on all sides by 4 EU countries.(Original post by JordanL_)
And it's also worth considering that Switzerland has an FTA with China which makes up about 7% of their exports, while the EU makes up 40%.
FTSE 100 and 250 have recovered and are stable... Watch
- 26-07-2016 11:28
- 26-07-2016 11:30
(Original post by pol pot noodles)
- 26-07-2016 11:57
Membership of the common market requires free movement of people. There is nothing to prevent a different, conventional free trade deal, such that the EU has with South Korea and is trying to ratify with Canada.
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- 26-07-2016 13:07
[QUOTE=JordanL_;66605410](Original post by TruthToYa)
Yeah that's really not how any of this works.
We're a net importer, so we import more than we export. That means that the pound dropping will cost us more than it will make in export increases. More exports means absolutely nothing if it costs us more to make those exports.
I love how Brexiters are now blaming remainers for this. It's all because of us being too negative. If we just think happy thoughts it'll all go away.
- 26-07-2016 14:05
- 26-07-2016 14:23
Due to the currency crash is it not technically speaking still down? Not to mention the effects of Brexit are still likely to come later like a tidal wave if or when it actually happens.
- 26-07-2016 14:26