General Brexit discussion thread

[Cor Blimey!]

The brick wall is up and being built higher.  But I am sure Big Kranky Bojo, will manage to get a deal on Lobsters with Christmas Island that will glow in the dark.

Yeah! Baffled's plan might work if the average English person develops an appetite for eating bananas for breakfast, lunch, and dinner; and Nissan and Toyota vote only chimpanzees onto their board of directors.

[Jaydee]

Most of the commonwealth is dirt poor. If the UK buys their product they may be able to scrabble together enough cash to get themselves a half-decent healthcare system; but there'd unlikely be any left over to purchase goods produced in the UK (at least not at First World prices). It will be very much a one-way street. That's not trade. Of course, you could always invest heavily in those countries, build up their infrastructure, etc., the way the EU did in Ireland. Then, after a LONG time and a LOT of money, they will be in a position to trade with you. In the very long run, you'll see a massive return on your investment - just as you do with the £13 billion trade surplus you currently have, but will soon lose, with Ireland.

The brick wall is up and being built higher.  But I am sure Big Kranky Bojo, will manage to get a deal on Lobsters with Christmas Island that will glow in the dark. 

[Jaydee]

Rum, bananas and holidays.

I really think you stop listening to Big Kranky Bojo, the Downing Street muppet,  and his oven ready deal.  He does not have a clue on what he signed.  Or the Rules of the WTO. Or how it operates.  His classical comedy show with that buffoon on GATT was a testimony to that.  If his action since he was told and it was explained to him in big grown up writing.  Does somehow or other not resonate with you.  There is not anything anybody can say. And tghe brick wall will near the moon.  May I suggest you listen to the first link and read the second one. Then  look at what you are posting

https://www.bbc.co.uk/news/av/uk-politics-48971407
http://infacts.org/its-astonishing-boris-still-hasnt-grasped-wto-basics/

[Cor Blimey!]

Things we love in exchange for things we wish to sell.
The art of a good deal.

Most of the commonwealth is dirt poor. If the UK buys their product they may be able to scrabble together enough cash to get themselves a half-decent healthcare system; but there'd unlikely be any left over to purchase goods produced in the UK (at least not at First World prices). It will be very much a one-way street. That's not trade. Of course, you could always invest heavily in those countries, build up their infrastructure, etc., the way the EU did in Ireland. Then, after a LONG time and a LOT of money, they will be in a position to trade with you. In the very long run, you'll see a massive return on your investment - just as you do with the £13 billion trade surplus you currently have, but will soon lose, with Ireland.

[Baff]

Exactly!

Things we love in exchange for things we wish to sell.
The art of a good deal.

[Baff]

But why would the foreign owners of car plants here be happy with increased price for their imported components, currently ranging from 10% to 50% of the value of the vehicle? UK sales might make up some of that — particularly for PSA — but others are unlikely to see local sales as a reason to stay.
Automotive R&D is strong in the UK but, like for most other industries, it mostly thrives nearer the engineering and manufacturing centres...

Imported car parts is definitely an issue.
A solution to which is to invest in UK production of more of those parts.
The UK being an exceptionally cheap place to invest currently due to the low value of the Pound.
Record investment here since the referendum.

And we can see that Nissan and Honda have been doing exactly this.

You will find that local sales in the UK is and has always been, a massive draw for foreign car manufacturers.
Treasure island.

Import tariffs exaserbate that desirability.
And as we can see from Trumps US tariff raising policies, complimented with tax cuts, has resulted in manufacturing returning to the US in droves.

Add these to our already undervalued currency and the draw to companies investing in new production here has never been bigger.

[Cor Blimey!]

Rum, bananas and holidays.

Exactly!

[Baff]

Jacob Rees-Mogg won't allow tariffs. He promised to provide the peasants with cheap food and shoes if they voted leave. He went to Eton, so his opinion matters more than yours. Keep on kissing the rod that beats you, Baffled.

Btw, what are the Jamaicans going to pay for your goods with? Coconut shells?

Rum, bananas and holidays.

[patman post]

Place tariffs on foreign cars for starters.
Helping to replace their exports with domestic sales and domestic part production.

It can also reduce VAT on cars.
Subsidise the car industry.
Offer them tax breaks.

Create free ports to speed their supply chains.

It can lower the value of the Pound.
Encouraging new investment and exports at the same time.
The fall in the value of the £ for example since Brexit > 10% EU tariffs and provides advantage to all export markets not just the EU.


Most importantly of all it can continue to be the primary research hub for car technology on the planet.
The epicentre of innovation in that industry.

But why would the foreign owners of car plants here be happy with increased price for their imported components, currently ranging from 10% to 50% of the value of the vehicle? UK sales might make up some of that — particularly for PSA — but others are unlikely to see local sales as a reason to stay.
Automotive R&D is strong in the UK but, like for most other industries, it mostly thrives nearer the engineering and manufacturing centres...

[Cor Blimey!]

and what Jaydee said.

[Cor Blimey!]

Do they?
Funny how you liked tariffs until they were applied to you.
.

I seek trade protection where it advantages us and free trade where it advantages us.
The aim is to advantage us, not to promote some wierd economic dogma.


So typically, I want free trade with complimentry economies.
Countries that sell produce we don't make and buy produce we do.
Jamaica for example.

And I want protection for all our domestic industries, especially the critical ones.
You will find our WTO schedule to be modelled on this principle.

Jacob Rees-Mogg won't allow tariffs. He promised to provide the peasants with cheap food and shoes if they voted leave. He went to Eton, so his opinion matters more than yours. Keep on kissing the rod that beats you, Baffled.

Btw, what are the Jamaicans going to pay for your goods with? Coconut shells?

[Jaydee]

Do they?
Funny how you liked tariffs until they were applied to you.
.

I seek trade protection where it advantages us and free trade where it advantages us.
The aim is to advantage us, not to promote some wierd economic dogma. You will find our WTO schedule to be modelled on this principle.

What part of in the link I gave you with Andrew Neil.  That if the UK crashes out without a deal.  It does not have a schedule of concession to trade with the WTO. That has already been rejected by a dozen or more countries. And somehow or other if  it does a free trade deal with the EU. Then the UK must do a free trade deal with all members of the WTO. There is no need for them to do any deal.  They will already have one with the UK.  It is called a free trade deal.  And WTO members do not need to reciprocate.  And can bang on as much tariff to UK goods as they like.  Do you have a problem in understanding.  How high does the brick wall have to be before it finally falls down.

Back in October 2016 Liam Fox, a leading Brexit campaigner ahead of the June 23 referendum, said Britain did not need to re-apply to join the WTO, the international trade body, when it leaves the European Union as it was already "a full and founding member".

That was not true.

Fox said at the time – "We will want to see a position on WTO schedules adopted in a way that causes minimal disruption. It is not an insoluble riddle."

Before the referendum, WTO Director-General Roberto Azevedo warned – "renegotiating Britain's relationship with the rest of the WTO could take years or even decades" – and let's be fair, he should know.

https://truepublica.org.uk/united-kingdom/brexit-britains-trade-application-that-the-wto-rejected/

[Baff]

As per the rules of the WTO agreement.

[papasmurf]

We filed our WTO tariff regime about 6 months ago.

Really? Without an agreement?

[Baff]

We filed our WTO tariff regime about 6 months ago.


The WTO is always in crisis.