Brexit - was it worth it? (Vol. 2)
Discussion
crankedup said:
The Countries considered to be the emerging economies,those are the Countries which we are busy negotiating our new trading deals with. We didn’t want to be reliant upon the EC to give us permission for this but seek out and agree those deals as an independent Nation. That’s yet another of the major reasons for our EU departure.
So the UK has walked away from the an agreement which gave completely free trade with a major trading block to sign new FTA with emerging economies which are, 1. By definition smaller,
2. Have significantly less demand for the high value goods the UK produces,
3. Are mainly looking to increase there export rather than imports.
That's an plan an odd plan but at least a plan.
Mrr T said:
crankedup said:
The Countries considered to be the emerging economies,those are the Countries which we are busy negotiating our new trading deals with. We didn’t want to be reliant upon the EC to give us permission for this but seek out and agree those deals as an independent Nation. That’s yet another of the major reasons for our EU departure.
So the UK has walked away from the an agreement which gave completely free trade with a major trading block to sign new FTA with emerging economies which are, 1. By definition smaller,
2. Have significantly less demand for the high value goods the UK produces,
3. Are mainly looking to increase there export rather than imports.
That's an plan an odd plan but at least a plan.
Mrr T said:
crankedup said:
The Countries considered to be the emerging economies,those are the Countries which we are busy negotiating our new trading deals with. We didn’t want to be reliant upon the EC to give us permission for this but seek out and agree those deals as an independent Nation. That’s yet another of the major reasons for our EU departure.
So the UK has walked away from the an agreement which gave completely free trade with a major trading block to sign new FTA with emerging economies which are, 1. By definition smaller,
2. Have significantly less demand for the high value goods the UK produces,
3. Are mainly looking to increase there export rather than imports.
That's an plan an odd plan but at least a plan.
I agree that the bias that you choose t9 show in your post does indeed represent ‘an odd plan’, but not a plan that has any relevance to the future U.K. trade agreements.
crankedup said:
An emerging economy is just that, emerging, gaining greater prominence and prosperity. This is a economy that seeks a good trade deal, one that the U.K. will certainly be of a equal value to both partners.
I agree that the bias that you choose t9 show in your post does indeed represent ‘an odd plan’, but not a plan that has any relevance to the future U.K. trade agreements.
Emerging, smaller and our trading position is reliant on hope rather than track record and established demand.I agree that the bias that you choose t9 show in your post does indeed represent ‘an odd plan’, but not a plan that has any relevance to the future U.K. trade agreements.
The one thing I do know is Brexiteers are gamblers
I am going to tell all my Brexit voting staff that I hope to pay them when Brexit helps my business get bigger, until that time comes they will have to take a cut in pay and I'll put up the prices on the office vending machine
Edited by blueg33 on Wednesday 21st April 12:34
Some great (not) negotiating tactics from the UK to Australia on a proposed UK-AU trade deal:
https://www.theguardian.com/australia-news/2021/ap...
"Britain risks destroying trust with Australia as it tries to secure a post-Brexit trade deal, after the UK trade secretary’s allies were accused of launching an “unprovoked attack” on her counterpart on the eve of talks in London.
Trade experts said the reported comments about the Australian trade minister, Dan Tehan, by allies of Liz Truss were “bizarre” and “an unfortunate but serious setback for what should have been friendly negotiations”.
"The ally, who reportedly said Truss and Tehan had struck up a good rapport, argued: “He is inexperienced compared to Liz. He needs to show that he can play at this level.
“Australia need to show us the colour of their money. They’re great friends of ours and talk a good game about free trade and wanting a deal, but they need to match those words with action.”
This will go down in Australia, like a lead balloon. Australia has not buckled to far greater pressure from China, who is a far more important trading partner to it than the UK.
A bunch of buffoons picking a fight with an ally which did not need to be picked.
"Wilson said although Tehan and the bureaucracy had “sufficient professionalism to ignore this commentary”, they were “unlikely to respond positively to it during formal negotiations”.
“The UK might recall that Australia has been subject to a hostile ‘trade bashing’ by China – its number one trade partner – for almost a year now, and has not moved in its positions as a result. If Chinese trade bullying has not worked, it is unlikely to for the UK either,” Wilson said."
"“Part of the rationale for starting with Australia is that it would be straightforward, experienced and a friendly partner, with which the UK could ‘learn the ropes’ before moving onto more challenging negotiations,” Wilson said.
“This reality appears to have been lost on those who provided this ‘backgrounding’ to the Telegraph.”"
https://www.theguardian.com/australia-news/2021/ap...
"Britain risks destroying trust with Australia as it tries to secure a post-Brexit trade deal, after the UK trade secretary’s allies were accused of launching an “unprovoked attack” on her counterpart on the eve of talks in London.
Trade experts said the reported comments about the Australian trade minister, Dan Tehan, by allies of Liz Truss were “bizarre” and “an unfortunate but serious setback for what should have been friendly negotiations”.
"The ally, who reportedly said Truss and Tehan had struck up a good rapport, argued: “He is inexperienced compared to Liz. He needs to show that he can play at this level.
“Australia need to show us the colour of their money. They’re great friends of ours and talk a good game about free trade and wanting a deal, but they need to match those words with action.”
This will go down in Australia, like a lead balloon. Australia has not buckled to far greater pressure from China, who is a far more important trading partner to it than the UK.
A bunch of buffoons picking a fight with an ally which did not need to be picked.
"Wilson said although Tehan and the bureaucracy had “sufficient professionalism to ignore this commentary”, they were “unlikely to respond positively to it during formal negotiations”.
“The UK might recall that Australia has been subject to a hostile ‘trade bashing’ by China – its number one trade partner – for almost a year now, and has not moved in its positions as a result. If Chinese trade bullying has not worked, it is unlikely to for the UK either,” Wilson said."
"“Part of the rationale for starting with Australia is that it would be straightforward, experienced and a friendly partner, with which the UK could ‘learn the ropes’ before moving onto more challenging negotiations,” Wilson said.
“This reality appears to have been lost on those who provided this ‘backgrounding’ to the Telegraph.”"
crankedup said:
An emerging economy is just that, emerging, gaining greater prominence and prosperity. This is a economy that seeks a good trade deal, one that the U.K. will certainly be of a equal value to both partners.
I agree that the bias that you choose t9 show in your post does indeed represent ‘an odd plan’, but not a plan that has any relevance to the future U.K. trade agreements.
The EU is already doing trade agreements with emerging economies. I agree that the bias that you choose t9 show in your post does indeed represent ‘an odd plan’, but not a plan that has any relevance to the future U.K. trade agreements.
For example this one:
https://ec.europa.eu/trade/policy/in-focus/eu-merc...
These countries benefit from a trade agreement with the EU, given it has about 7x the population of the UK and about 6x the economy size, for the same amount of effort going into negotiations.
The UK will get the crumbs. Even Australia, which has a smaller economy than the UK, is going to be dictating the rules to the subservient UK.
blueg33 said:
crankedup said:
An emerging economy is just that, emerging, gaining greater prominence and prosperity. This is a economy that seeks a good trade deal, one that the U.K. will certainly be of a equal value to both partners.
I agree that the bias that you choose t9 show in your post does indeed represent ‘an odd plan’, but not a plan that has any relevance to the future U.K. trade agreements.
Emerging, smaller and our trading position is reliant on hope rather than track record and established demand.I agree that the bias that you choose t9 show in your post does indeed represent ‘an odd plan’, but not a plan that has any relevance to the future U.K. trade agreements.
The one thing I do know is Brexiteers are gamblers
I am going to tell all my Brexit voting staff that I hope to pay them when Brexit helps my business get bigger, until that time comes they will have to take a cut in pay and I'll put up the prices on the office vending machine
Edited by blueg33 on Wednesday 21st April 12:34
As for future trade deals, they are, as you well know, built upon more than just hope. That is a ridiculous suggestion to make.
crankedup said:
As for future trade deals, they are, as you well know, built upon more than just hope. That is a ridiculous suggestion to make.
If these nebulous trade deals were not built on (baseless) hope, then the U.K. would not have left a large and powerful trading bloc, with the idea that it could leapfrog it and do better itself. As Clint Eastwood said, just before watching someone blow themselves up, people have “got to know their limitations”.
blueg33 said:
I am going to tell all my Brexit voting staff that I hope to pay them when Brexit helps my business get bigger, until that time comes they will have to take a cut in pay and I'll put up the prices on the office vending machine
Why am I not surprised that you're the kind of person that would consider this acceptable. A nasty, intolerant bully of an employer.. There are laws for people like you. Iminquarantine said:
The EU is already doing trade agreements with emerging economies.
For example this one:
https://ec.europa.eu/trade/policy/in-focus/eu-merc...
Wiki says:For example this one:
https://ec.europa.eu/trade/policy/in-focus/eu-merc...
The European Union–Mercosur free trade agreement is a free trade agreement on which the EU and Mercosur reached agreement in principle in 2019.
The deal was announced on 28 June at the 2019 G20 Osaka summit after twenty years of negotiations.
Although there is agreement in principle, the final texts have not been finalised, signed or ratified and therefore have not entered into force.
20 years to reach a deal in principle which, nearly two years later, is still not in operation?
In fact Belgium, Netherlands, Germany, Ireland and others have said that they will not ratify the deal as proposed.
I think you are making my point for me...
andymadmak said:
Why am I not surprised that you're the kind of person that would consider this acceptable. A nasty, intolerant bully of an employer.. There are laws for people like you.
FFS. Are you thick. It’s clearly a parallel to the Brexit Hope that we will get better trade deals. Meanwhile the economy has to take pain. You have reminded me why I left this thread. Too many morons
As always, the focus is on exporting companies (most of whom are solely exporting to the EU, instead of the whole world), and ignoring the balance of trade for the nation as a whole - and the huge benefits of the changes to the Global Tariff schedule (both duty reductions, and crucially massive simplification).
Further, I've mentioned before that my employer is now competitive in EU based tenders where it wasn't before against it's one competitor who is based outside the UK/EU as they could take advantage of Inward Processing Relief whereas we couldn't up until now.
For what it's worth, we improve the country's balance of trade figures by a couple of hundred million net, despite only having some 300ish employees (but many 'local' supporting SMEs). That figure will be improving thanks to Brexit and these changes, irrespective of new trade deals.
Further, I've mentioned before that my employer is now competitive in EU based tenders where it wasn't before against it's one competitor who is based outside the UK/EU as they could take advantage of Inward Processing Relief whereas we couldn't up until now.
For what it's worth, we improve the country's balance of trade figures by a couple of hundred million net, despite only having some 300ish employees (but many 'local' supporting SMEs). That figure will be improving thanks to Brexit and these changes, irrespective of new trade deals.
blueg33 said:
andymadmak said:
Why am I not surprised that you're the kind of person that would consider this acceptable. A nasty, intolerant bully of an employer.. There are laws for people like you.
FFS. Are you thick. It’s clearly a parallel to the Brexit Hope that we will get better trade deals. Meanwhile the economy has to take pain. You have reminded me why I left this thread. Too many morons
blueg33 said:
andymadmak said:
Why am I not surprised that you're the kind of person that would consider this acceptable. A nasty, intolerant bully of an employer.. There are laws for people like you.
FFS. Are you thick. It’s clearly a parallel to the Brexit Hope that we will get better trade deals. Meanwhile the economy has to take pain. You have reminded me why I left this thread. Too many morons
Sway said:
Further, I've mentioned before that my employer is now competitive in EU based tenders where it wasn't before against it's one competitor who is based outside the UK/EU as they could take advantage of Inward Processing Relief whereas we couldn't up until now.
Really, your company is in a market size of at least several hundred million £££ and there is only one competitor in the whole world?Iminquarantine said:
It’s also pretty funny that some who voted to send people out of work and reduce the opportunities of young people, gets up and criticises an obviously satirical comment.
Is it funny? Not really. I think Blue's 'satire' says a lot about him. His insulting response to being called out for it finishes the picture. Your support puts you in the same category andymadmak said:
Iminquarantine said:
It’s also pretty funny that some who voted to send people out of work and reduce the opportunities of young people, gets up and criticises an obviously satirical comment.
Is it funny? Not really. I think Blue's 'satire' says a lot about him. His insulting response to being called out for it finishes the picture. Your support puts you in the same category Other people knew what I meant.
If you call me nasty because you haven’t had the ability to contextualise my post then expect to have your understanding questioned in a similar vein, as it appears to be all you can understand.
Edited by blueg33 on Wednesday 21st April 13:22
Iminquarantine said:
Sway said:
Further, I've mentioned before that my employer is now competitive in EU based tenders where it wasn't before against it's one competitor who is based outside the UK/EU as they could take advantage of Inward Processing Relief whereas we couldn't up until now.
Really, your company is in a market size of at least several hundred million £££ and there is only one competitor in the whole world?That's not unique...
I could point to a manufacturing sector worth several billion a year, with only two competitors.
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