The economic consequences of Brexit (Vol 3)

[PurpleMoonlight]

powerstroke said:

I'm Excited by the possibilities new places to trade with old friends in the commonwealth back in the fold , Exporters seem bullish as do businesses I trade with like farmers and repair workshops .
I wonder is it fear of the unknown or some cushy little number the reason Remoaners are so keen to cling to the EU, very strange maybe like others have said it really is some form of Stockholm
syndrome ????

Edited by powerstroke on Friday 25th May 23:10

New places?

Who is the EU stopping us trading with?

[The Dangerous Elk]

Jimboka said:

You have given an example of how your company was able to push into RoW, while we are an EU member. I wonder why they waited so long?
Will that change post Brexit?

Have no FEAR of working with the rest of the world.

[PurpleMoonlight]

The Dangerous Elk said:

Have no FEAR of working with the rest of the world.

Who mentioned fear?

[The Dangerous Elk]

LOL, let me think LOL

[PurpleMoonlight]

The Dangerous Elk said:

LOL, let me think LOL

Is it a difficult question for you?

Jimboka said:

You have given an example of how your company was able to push into RoW, while we are an EU member. I wonder why they waited so long?
Will that change post Brexit?

Jimboka asked why you haven't traded with the RoW until now. Were you frightened to then?

Edited by PurpleMoonlight on Saturday 26th May 06:19

[Dr Jekyll]

PurpleMoonlight said:

Dr Jekyll said:

If EU tariffs don't restrict trade, what's the point of them?

Revenue.

If you want to raise revenue from, for example, oranges, You tax all oranges. You don't only tax oranges from outside the EU and in response to lobbying from Spanish producers.

[PurpleMoonlight]

Dr Jekyll said:

If you want to raise revenue from, for example, oranges, You tax all oranges. You don't only tax oranges from outside the EU and in response to lobbying from Spanish producers.

Since when do Governments raise revenue by treating all equally?

[The Dangerous Elk]

PurpleMoonlight said:

The Dangerous Elk said:

LOL, let me think LOL

Is it a difficult question for you?

Jimboka said:

You have given an example of how your company was able to push into RoW, while we are an EU member. I wonder why they waited so long?
Will that change post Brexit?

Jimboka asked why you haven't traded with the RoW until now. Were you frightened to then?

Edited by PurpleMoonlight on Saturday 26th May 06:19

PurpleMoonlight said:

The Dangerous Elk said:

LOL, let me think LOL

Is it a difficult question for you?

Jimboka said:

You have given an example of how your company was able to push into RoW, while we are an EU member. I wonder why they waited so long?
Will that change post Brexit?

Jimboka asked why you haven't traded with the RoW until now. Were you frightened to then?

Edited by PurpleMoonlight on Saturday 26th May 06:19

LOL, who said fear , so funny from a peddler of it.

Who said we do not ?: Of course we have (read my post maybe rather than jump on a silly question because you mistakenly see a "" to score on) with good results but the Eu is stagnant and restrictive.
The change of attitude from our partners in the RoW since the Brexit vote is notable and all of them are supportive of the Uk's wish to leave what has been an obstructive and overly complicated market for them.

Edited by The Dangerous Elk on Saturday 26th May 08:27

[PurpleMoonlight]

The Dangerous Elk said:

LOL, who said fear , so funny from a peddler of it.

Of course we have (read my post maybe rather than jump on a silly question because you mistakenly see a "" to score on) with good results but the Eu is stagnant and restrictive.
The change of attitude from our partners in the RoW since the Brexit vote is notable and all of them are supportive of the Uk's wish to leave what has been an obstructive and overly complicated market for them.

Yet they are increasing their trade with you while we are still in the EU, and effectively will be for some time.

So brexit as likely nothing to do with it.

[The Dangerous Elk]

PurpleMoonlight said:

Yet they are increasing their trade with you while we are still in the EU, and effectively will be for some time.

So brexit as likely nothing to do with it.

Long-term development, clinical studies and future plans, it is the nature of our work/products. You really should try and grasp the basics (but you cannot because you do not have a single clue about our business) before you spout rubbish in a weak attempt to support your biased & uneducated views.

[Murph7355]

PurpleMoonlight said:

Which would be unlawful.

Not necessarily.

[PurpleMoonlight]

The Dangerous Elk said:

Long-term development, clinical studies and future plans, it is the nature of our work/products. You really should try and grasp the basics (but you cannot because you do not have a single clue about our business) before you spout rubbish in a weak attempt to support your biased & uneducated views.

You are correct I know zilch about your business. But the fact remains that the EU has never prohibited you trading with the RoW so the fact they are willing to do so now is likely to have sweet FA to do with brexit.

I suspect you just weren't willing to put in the extra work previously.

Edited by PurpleMoonlight on Saturday 26th May 09:44

[PurpleMoonlight]

Murph7355 said:

Not necessarily.

Well Trump is trying to single out particular countries for additional tariffs. Has he succeeded?

But I thought WTO rules meant all countries have to be treated equally, save for a formal trade agreement being in place.

[Gloria Slap]

The Dangerous Elk said:

Long-term development, clinical studies and future plans, it is the nature of our work/products. You really should try and grasp the basics (but you cannot because you do not have a single clue about our business) before you spout rubbish in a weak attempt to support your biased & uneducated views.

What is your role in this business?

[mike9009]

PurpleMoonlight said:

The Dangerous Elk said:

LOL, who said fear , so funny from a peddler of it.

Of course we have (read my post maybe rather than jump on a silly question because you mistakenly see a "" to score on) with good results but the Eu is stagnant and restrictive.
The change of attitude from our partners in the RoW since the Brexit vote is notable and all of them are supportive of the Uk's wish to leave what has been an obstructive and overly complicated market for them.

Yet they are increasing their trade with you while we are still in the EU, and effectively will be for some time.

So brexit as likely nothing to do with it.

It is okay.

They have a LOI from their new ROW trading partners. The LOI states when the punitive tariffs due to the EU not negotiating cease and the UK have negotiated new trade deals the company will get new orders. Based on this new LOI, the company is investing money in upscaling production and in new product development. Obviously, these new products will be compliant with FDA regulations or whatever jurisdiction they are now trading in (which the business hadn't considered before).


Now stop remoaning - it makes perfect sense...…


Mike

Edit for accuracy and more sense!

Edited by mike9009 on Saturday 26th May 12:21

[PurpleMoonlight]

mike9009 said:

It is okay.

They have a LOI from their new ROW trading partners which states when the punitive tariffs from the EU cease and we have negotiated new trade deals they will get new orders. Based on this new LOI, the company is investing money is upscaling production and in new product development which will be compliant to FDA regulations (which they hadn't considered before).


Now stop remoaning - it makes perfect sense...…


Mike

Isn't TDE referring to exports to the RoW though?

Any tariffs imposed would be levied by the RoW not the EU.

[PurpleMoonlight]

Gloria Slap said:

What is your role in this business?

He states 'our' so I assume he is a part owner.

[Murph7355]

PurpleMoonlight said:

Well Trump is trying to single out particular countries for additional tariffs. Has he succeeded?

But I thought WTO rules meant all countries have to be treated equally, save for a formal trade agreement being in place.

You are correct.

However

1) There is nothing to prevent us crafting FTAs with all non-EU countries who make washing machines and then slapping a big old tariff on them as part of our WTO rates

2) I also suspect our WTO schedule could be crafted to achieve not dissimilar results. I appreciate oranges are quite different to washing machines (anyone who has tried to wash clothes in an orange will be able to confirm), but WTO schedules can be quite complex and don't necessarily level playing fields. Look at the EU's orange tariffs.

[PurpleMoonlight]

Murph7355 said:

You are correct.

However

1) There is nothing to prevent us crafting FTAs with all non-EU countries who make washing machines and then slapping a big old tariff on them as part of our WTO rates

2) I also suspect our WTO schedule could be crafted to achieve not dissimilar results. I appreciate oranges are quite different to washing machines (anyone who has tried to wash clothes in an orange will be able to confirm), but WTO schedules can be quite complex and don't necessarily level playing fields. Look at the EU's orange tariffs.

I fear you give the Government too much credit.

[Gloria Slap]

PurpleMoonlight said:

He states 'our' so I assume he is a part owner.

The way he mentioned “trading with RoW at last” suggested he was well removed from any business decision making.

If you are in control, you wouldn’t say “at last”. Not a phrase to use in my experience, when you are in wat any way part of the mgt team / in control - or you’re just blaming yourself for not getting on with it! In which case you’d chose other words. The “future plans” wording is way too vague for someone actively engaged in future strategy too. Sounds like someone trying to remember & replay the team brief.....but could be wrong of course

Edited by Gloria Slap on Saturday 26th May 10:11