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Unilateral Free Trade

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The EU is not a great agent for free trade - according to the treasury document no country has made a free trade agreement with the EU without paying the into the EU.

It would only cost us about 3bn to have unilateral free trade where we do not charge any import duties. In return for giving this we would ask for all countries trading with us to reduce their WTO import duties by say 15% a year. This would lead to ever increasing free trade across the world.

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The EU is not a great agent for free trade - according to the treasury document no country has made a free trade agreement with the EU without paying the into the EU.

It would only cost us about 3bn to have unilateral free trade where we do not charge any import duties. In return for giving this we would ask for all countries trading with us to reduce their WTO import duties by say 15% a year. This would lead to ever increasing free trade across the world.

America?

Japan?

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It's not just about import duties: we're already pretty good with those. It's much more about rules and regulations.

Unless you want to fling wide the gates to the car whose steering and brakes fail randomly after an average of 5000 miles, the kettle that electrocutes 50 people a year, the carpet that emits lethal fumes, etc.

Trade agreements always get bogged down in detail. The US has the TTIP with Europe (and lots of protestors) and a similar trans-pacific agreement, both of them long bogged down in arguments over the economic imperialism of giving rights modelled on US corporate culture (where US corporations can naturally beat the rest of us including governments who might want, for example, to assert sovereignty against unlimited fracking).

Would you advocate we bend over and take it all from US bigcos accountable to noone, or sacrifice an unknown chunk of our trade and prosperity?

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Guest BillyNI

Where are you getting this £3Bn from?

Also countries would see us at a disadvantage and look to take advantage of that should we start trying to negotiate new agreements with the world.

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It's not just about import duties: we're already pretty good with those. It's much more about rules and regulations.

Unless you want to fling wide the gates to the car whose steering and brakes fail randomly after an average of 5000 miles, the kettle that electrocutes 50 people a year, the carpet that emits lethal fumes, etc.

car safety recalls

http://www.dft.gov.uk/vosa/apps/recalls/searches/search.asp

729 Search Results - Page 1 of 73

Criteria : (All Makes All Models) for the date range 01/Jan/2015 to 01/Jan/2016

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car safety recalls

http://www.dft.gov.uk/vosa/apps/recalls/searches/search.asp

729 Search Results - Page 1 of 73

Criteria : (All Makes All Models) for the date range 01/Jan/2015 to 01/Jan/2016

Now go away and imagine what it would be like if there were no safety rules at all, and a big chunk of the market in a race to the bottom.

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Now go away and imagine what it would be like if there were no safety rules at all, and a big chunk of the market in a race to the bottom.

Why would the UK not keep it's british standards?

http://www.bsigroup.com/en-GB/standards/british-standards-online-database/?gclid=CKTy9v3ZvcwCFUEaGwodDggNKQ

The issue is other countries having lesser standards that are a pile of shite and not worth the badly faked certificate.

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Where are you getting this £3Bn from?

Also countries would see us at a disadvantage and look to take advantage of that should we start trying to negotiate new agreements with the world.

Like they have absolutely raped a bankrupt Iceland

The UK runs a massive trade deficit that's all anyone needs to know you don`t persecute your best customer is the first rule of business

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Why would the UK not keep it's british standards?

http://www.bsigroup.com/en-GB/standards/british-standards-online-database/?gclid=CKTy9v3ZvcwCFUEaGwodDggNKQ

The issue is other countries having lesser standards that are a pile of shite and not worth the badly faked certificate.

Impose British Standards on imports and that's no longer free trade, it's stifling red tape on any potential importer. Including those whose own standards are higher than the British Standards in question.

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I know if I wanted to import a mustang from the US, I have to pay the EU 10% for the pleasure of doing so. Presumably the fat cats in Brussels keep that. Dont know if that applies to just cars or everything. If the latter, that alone would be a couple of billion a year.

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Where are you getting this £3Bn from?

Also countries would see us at a disadvantage and look to take advantage of that should we start trying to negotiate new agreements with the world.

Countries dont see anything.. Its businesses that trade, and its our trade they want....nothing wrong with a trade war, it soon ends when businesses stop bothering and seek new markets.

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Countries dont see anything.. Its businesses that trade, and its our trade they want....nothing wrong with a trade war, it soon ends when businesses stop bothering and seek new markets.

Countries see the shrinking of economic activity if trade is hampered. Fewer jobs, less tax take, shrinking GDP, more unemployed, etc.

It works both ways, but affects the smaller and weaker the more. Thus if over 50% of your exports go to your neighbour (e.g. rest-of-EU) while under 10% of theirs come to you (e.g. UK), you're the one who stands to take major damage and will accept whatever terms they may ask.

Edited by porca misèria

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Why would the UK not keep it's british standards?

http://www.bsigroup.com/en-GB/standards/british-standards-online-database/?gclid=CKTy9v3ZvcwCFUEaGwodDggNKQ

The issue is other countries having lesser standards that are a pile of shite and not worth the badly faked certificate.

Basically, America is up to its neck in doped up meat, GM crops etc and obviously very, very keen to sell it.

In the case of Brexit, the political shift if Scotland leaves, and the keenness to be 'attractive to foreign trade and investment' its kind of likely that all that 'red-tape' will be under threat whether EU or BSI in origin.

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Countries see the shrinking of economic activity if trade is hampered. Fewer jobs, less tax take, shrinking GDP, more unemployed, etc.

It works both ways, but affects the smaller and weaker the more. Thus if over 50% of your exports go to your neighbour (e.g. rest-of-EU) while under 10% of theirs come to you (e.g. UK), you're the one who stands to take major damage and will accept whatever terms they may ask.

business comes, business goes.

At the moment China is allowed to flood our markets while not being subject at home to the same standards of employment, pollution, energy production etc etc.

We should be free to make sure chinese made stuff, costs the same as it costs to make here, and that means tarrifs.

A trade deal sets the tarrifs....they stay.

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I know if I wanted to import a mustang from the US, I have to pay the EU 10% for the pleasure of doing so. Presumably the fat cats in Brussels keep that. Dont know if that applies to just cars or everything. If the latter, that alone would be a couple of billion a year.

That would be the fat cats in Westminster, not Brussels. There's just a uniform rate across the EU/EEA/EFTA whatever.

LINK!

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Countries see the shrinking of economic activity if trade is hampered. Fewer jobs, less tax take, shrinking GDP, more unemployed, etc.

It works both ways, but affects the smaller and weaker the more. Thus if over 50% of your exports go to your neighbour (e.g. rest-of-EU) while under 10% of theirs come to you (e.g. UK), you're the one who stands to take major damage and will accept whatever terms they may ask.

Then you have to factor in that 10% maybe a much greater percentage of of a few major members states exports (Germany France) that argument becomes a lot less convincing especially when you factor in that the 10% of trade has a monetary value magnitudes greater than the UK`s 50% export trade after all the 10% is a percentage of 28 other countries exports

Companies and countries run on pounds and euros not percentages,percentages are being used disingenuously what would you rather 10% £100 or 5% £1000

Edited by long time lurking

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It's not just about import duties: we're already pretty good with those. It's much more about rules and regulations.

Unless you want to fling wide the gates to the car whose steering and brakes fail randomly after an average of 5000 miles, the kettle that electrocutes 50 people a year, the carpet that emits lethal fumes, etc.

Trade agreements always get bogged down in detail. The US has the TTIP with Europe (and lots of protestors) and a similar trans-pacific agreement, both of them long bogged down in arguments over the economic imperialism of giving rights modelled on US corporate culture (where US corporations can naturally beat the rest of us including governments who might want, for example, to assert sovereignty against unlimited fracking).

Would you advocate we bend over and take it all from US bigcos accountable to noone, or sacrifice an unknown chunk of our trade and prosperity?

That argument falls apart when you look at the details and what has actually happened. The rules are written by the big companies of rah benefit of big countries and stuff the countries themselves.

Take CE marking of electronics - immediately slapped thousands in compliance costs before you even made a single penny designing and manufacturing a product in the EU. The Chinese just copied the stamp and slapped it on their products and sold them anyway. It destroyed the small employer UK electronics industry (and the board manufacturers) almost overnight.

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There is a difference between free trade (no import duties) and trade barriers (such as regulations arising from standards or ce marking or numerous others).

By the plan of having unilateral free trade with wto bands reducing we are adding to free trade with a commensurate increase in profitability for the world. Trade barriers will still exist, but between us and the EU these are minimal. Separate deals on trade barriers can be made.

An example would be that wine duties could be reduced to zero. The Eu can still maintain a trade barrier that for a bottle of wine to have champagne written on the side it must be made in the champagne region

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