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Maybe it has not been explained often and simply enough why there won't be frictionless trade - even with a trade agreement. So let me try to do this: WHAT IT TAKES TO HAVE FRICTIONLESS TRADE - AND WHY WE WON'T HAVE IT WITH THE EU EVEN WITH A TRADE DEAL (thread)
1. Robbie Gibb asked me this question a while ago. I can’t say what he doesn’t know, but I can break down his article. / 2. I’m going to go through the article line by line to reiterate my original point, starting with the suggestion that our position is “all laid out” in the Conservative Manifesto.
Philip Hammond - Tariff free trade deals would only contribute a tiny amount to our GDP... so we must quash "this myth that third country trade deals will solve all our problems"
"I do worry that people are starting to imagine that a trade deal with Australia is somehow a substitute for being on the doorstep of a market with 500 million people, it's not" says former Australian PM Julia Gillard.
"We've thrown away 50 trade deals (totalling 70 countries). That sort of thing is what makes us prosperous, greatest in world"
Beyond Andrea Jenkyns' sound bites ... reality bites back: "The only countries that do trade with the EU just solely on WTO rules are Cuba, Venezuela, Belarus, Kazakstan, Russia and North Korea."
After a question about Brexit, trade and the Irish border, Boris Johnson says there wouldn't be tariffs with the EU because the UK could rely on GATT 24 allowing tariff free trade. That's wrong - both sides need to agree a trade deal first.
In this thread Steve Analyst reviews submissions from US businesses on their requirements for a US-UK trade deal including: lower food, contamination and safety standards; removing labels for traceability; admission of GMO; ...