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Brexit: China wants UK trade deal ASAP, frustrated with EU's failure to conclude one watch

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    (Original post by Blimey1000)
    We'll be fine.

    We "invented" free trade, we're prob one of the most influential country in history and will continue to be (now that we have control back). We have lots going for us.
    Wont take your word for it.

    We really didnt invent free trade.

    We did have an empire to exploit.

    Being influential in history is different from being influential in the future.
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    Err... surely we DON'T want a deal with China - it's Chinese imports that have all but decimated British manufacturing.
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    (Original post by 999tigger)
    Wont take your word for it.

    We really didnt invent free trade.

    We did have an empire to exploit.

    Being influential in history is different from being influential in the future.
    "Inventing" free trade - I give you Adam Smith.

    Well, history is a pretty predictor (not perfect) of the future .... e.g. that's why we used CV for job applicant, and we have one hell of a CV!
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    (Original post by Blimey1000)
    "Inventing" free trade - I give you Adam Smith.

    Well, history is a pretty predictor (not perfect) of the future .... e.g. that's why we used CV for job applicant, and we have one hell of a CV!
    So there was no free trade before Adam Smith....
    We had an empore to exploit then, we dont have one now....
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    (Original post by 999tigger)
    So there was no free trade before Adam Smith....
    We had an empore to exploit then, we dont have one now....
    Look at the quotation marks around the word "invent".... he effectively provided a rationale argument for free trades, even with non-colonial countries. Others at the time was arguing for protectionism i.e. just trade with-in the colony/empire... he's basically saying we should trade with anyone and every one ....read up on you economic history.
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    (Original post by Blimey1000)
    Look at the quotation marks around the word "invent".... he effectively provided a rationale argument for free trades, even with non-colonial countries. Others at the time was arguing for protectionism i.e. just trade with-in the colony/empire... he's basically saying we should trade with anyone and every one ....read up on you economic history.
    Ok so there was no free trade in history before Adam Smith.
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    Don't worry., the remainers will still find a way to be negative and wish for our destruction. Keep the faith though, maybe one day they will stop carping.
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    (Original post by 999tigger)
    Ok so there was no free trade in history before Adam Smith.
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    (Original post by 999tigger)
    TWe wouldnt be like switzerland unless we negotiated a trade deal and became part of the EEA,
    Switzerland isn't a member of the EEA.
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    (Original post by zayn008)
    Pensions is one of the problems that's arisen because of the Chinese steel industry which has just made it impossible for other markets to compete. If we had tariffs on Chinese steel, UK steel would still be selling, these companies would be in profit and pensions would be paid!
    However, everything with steel in its supply chain would be more expensive. It isn't a good idea.

    Besides which pensions ought to be funded from investments, not today's income.
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    (Original post by A Mysterious Lord)
    Err... surely we DON'T want a deal with China - it's Chinese imports that have all but decimated British manufacturing.
    It really depends whether you are interested in British manufacturing or British prosperity.

    If you want prosperity, you want a trade deal.
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    (Original post by Observatory)
    Switzerland isn't a member of the EEA.
    Sorry I stand corrected.
    Still has to decide whether it wants to pay for access to the single market and that includes free movement.
    Just seen why Norway pays more to the EU than Switzerland.
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    (Original post by Blimey1000)
    Explain "similar level of development"?

    Wealthy liberal democracies. China is a dictatorship with a state-controlled economy and cheap labour; Chinese minimum wage is about $0.7/h.

    I'm not against free trade deals regarding raw materials or commodities, but it's impossible to have a virtuous industrial competition with a country whose minimum wage is 15 times less than yours. In 2006, the end of tariffs on Chinese textile abruptly nailed the coffin of the textile industry in Europe and severely damaged those of Tunisia and Turkey. The Chinese produce everything, and steal patents for the things they can't produce; the "A and B" trade exchange doesn't stand with China - except for Germany.
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    (Original post by Josb)
    Wealthy liberal democracies. China is a dictatorship with a state-controlled economy and cheap labour; Chinese minimum wage is about $0.7/h.

    I'm not against free trade deals regarding raw materials or commodities, but it's impossible to have a virtuous industrial competition with a country whose minimum wage is 15 times less than yours. In 2006, the end of tariffs on Chinese textile abruptly nailed the coffin of the textile industry in Europe and severely damaged those of Tunisia and Turkey. The Chinese produce everything, and steal patents for the things they can't produce; the "A and B" trade exchange doesn't stand with China - except for Germany.
    So considering we're leaving the EU (no free movement = no free trade), which makes up the bulk of "wealthy liberal democracies", that leaves us with the US, Canada etc etc. Aren't we tying ourselves with a smaller group than we have to? Because of .... politics?

    I think the Chinese are producing 15x more patents than us, at this rate we'll be nicking their patents. Joking a side, do we really not want a free trade with one of the biggest economy (and growing) in the world? Because of .... politics?

    Why is it good for Switzerland to have a free trade agreement with China and it's not for us? Because of ...?
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    (Original post by zayn008)
    I wouldn't say third country, that'd be like Russia, we'd be like a second country like Switzerland.

    We could've, not anymore though.

    Pensions is one of the problems that's arisen because of the Chinese steel industry which has just made it impossible for other markets to compete. If we had tariffs on Chinese steel, UK steel would still be selling, these companies would be in profit and pensions would be paid!

    The amount of red tape and hassle you have to go through doesn't make it easy. The idea of it and how you present makes you think how could you go wrong… well just ask China or the USA on that one
    The UK vetoed steel tariffs months ago when they had the chance.

    The EU wanted steel tariffs. The UK vetoed steel tariffs because they were under pressure from the Chinese. Good luck in this fantastic partnership.

    http://www.independent.co.uk/news/uk...-a6962446.html
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    (Original post by 999tigger)
    Third country is what the Trade commissioner says.
    http://www.bbc.co.uk/news/uk-politic...endum-36678222

    We wouldnt be like switzerland unless we negotiated a trade deal and became part of the EEA, which will inbolve pating the EU billions and allowing free movement of people, as Swutzerland is required to do.

    Pensions has arisone as a problem because we are living longer. nothing to do with Chinese steel.

    Thats why they invest and exprort billions of 3s worth of goods and services. Very lol. Thats why a lot of companies locate their Euro HQ's here becayse we are in the single market. Thats why all the Tata steel bids were pilled, because we will be outside.
    Okay so what is your proposal? We stay in the EU, we limit our access to only their market which isn't picking up very fast, we stand by while countries like Greece and Italy fall, hey maybe when the next global recession comes we can join their central banks and put up our interest rates too. Let's also put up with more red tape, I kind of think bendy cucumbers are a bit sour and we have nothing better to spend £33bn on, let's continue to take in migrants that make little to no contribution (not all but there's a lot) but honestly who cares about global trade when you've got an isolated single market with a federal bureaucracy? We only benefit from Germany anyway.
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    (Original post by zayn008)
    Okay so what is your proposal? We stay in the EU, we limit our access to only their market which isn't picking up very fast, we stand by while countries like Greece and Italy fall, hey maybe when the next global recession comes we can join their central banks and put up our interest rates too. Let's also put up with more red tape, I kind of think bendy cucumbers are a bit sour and we have nothing better to spend £33bn on, let's continue to take in migrants that make little to no contribution (not all but there's a lot) but honestly who cares about global trade when you've got an isolated single market with a federal bureaucracy? We only benefit from Germany anyway.


    1. We can't stay in the EU as we have voted to leave and its highly likely that will be carried out as it should be unless they found a way for a 2nd referendum or a new government was elected on a remain agenda. It's fair to say we are leaving.

    2. We already trade all over the world, so limiting access just to the EU is just a silly suggestion.

    3. We have no interest in joining the Euro. As a member of the EU we already have some involvement with the EU financial system by default.

    4. If you want to be trading in the EU, then you are just going to have more red tape than you currently have vecause you will be on the outside.

    5. Where does your £33 billion come from? It's about £8.4 billion net.

    6. Migration was one of the main reasons why our economy grew. If you think they make little to no contribution, then back it up. There are 5.3 million non British residents of which 2.9 are from the EU. Presumably you wnat to stop or repatriate them, which in turn will mean the EU will reply in kind. We all suffer.

    7. Bothering about EU trade, doesnt prevent us from trading with countries outside the EU. Nobody has said we should only concentrate there, thats just you twisting things.

    8. Your comment that only trade with Germany matters is false. It might be the most important, but we trade with the rest of the EU as well. 17% v 83%.
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    (Original post by Blimey1000)
    So considering we're leaving the EU (no free movement = no free trade), which makes up the bulk of "wealthy liberal democracies", that leaves us with the US, Canada etc etc. Aren't we tying ourselves with a smaller group than we have to? Because of .... politics?

    I think the Chinese are producing 15x more patents than us, at this rate we'll be nicking their patents. Joking a side, do we really not want a free trade with one of the biggest economy (and growing) in the world? Because of .... politics?

    Why is it good for Switzerland to have a free trade agreement with China and it's not for us? Because of ...?
    There will still be free trade with the EU. :rolleyes:

    Chinese patents are essentially plagiarised western patents. Nobody wants them.

    Switzerland has a trade surplus with China; the UK has a terrible deficit with China. The situation is really not comparable. A free trade deal with China will help them much more and it will be an unequal partnership.

    (Original post by DorianGrayism)
    The UK vetoed steel tariffs months ago when they had the chance.

    The EU wanted steel tariffs. The UK vetoed steel tariffs because they were under pressure from the Chinese. Good luck in this fantastic partnership.

    http://www.independent.co.uk/news/uk...-a6962446.html
    Yes, I don't get how people can be happy with making a free trade deal with China?
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    (Original post by zayn008)
    I wouldn't say third country, that'd be like Russia, we'd be like a second country like Switzerland.

    We could've, not anymore though.

    Pensions is one of the problems that's arisen because of the Chinese steel industry which has just made it impossible for other markets to compete. If we had tariffs on Chinese steel, UK steel would still be selling, these companies would be in profit and pensions would be paid!

    The amount of red tape and hassle you have to go through doesn't make it easy. The idea of it and how you present makes you think how could you go wrong… well just ask China or the USA on that one
    Tariffs are seldom the answer to a failing industry. We could put tariffs on steel imports but that makes steel users like car makers and construction pay more for their steel which makes them more expensive and less competitive especially in the case of cars where most are exported.

    Tariffs on Chinese steel also invites China to make retaliatory tariffs on British made goods.
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    (Original post by Josb)
    There will still be free trade with the EU. :rolleyes:

    Chinese patents are essentially plagiarised western patents. Nobody wants them.

    Switzerland has a trade surplus with China; the UK has a terrible deficit with China. The situation is really not comparable. A free trade deal with China will help them much more and it will be an unequal partnership.



    Yes, I don't get how people can be happy with making a free trade deal with China?
    Your logic is not consistent - the UK have a huge deficit against the EU, should we stop our free trade with the EU?!
 
 
 
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