tag: trade ×280
"Only way you can get frictionless trade is to actually be in the Single Market" - Liam Fox 01/07/2019
“I’ve always argued that the only way you can get frictionless trade is to actually be in the Single Market.”
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"
#3Blokes In A Pub... Go To DUBLIN (Ep 14) 04/10/2018
n this episode of #3BlokesInAPub, Jason and Graham are again joined by Robert Stephenson to talk about the impact of Brexit on the economy, politics and people of Ireland.
In this EXPLOSIVE episode of #3Blokes In The Pub, Jason and Graham travel to Geneva, Switzerland, a city filled with the world’s leading experts in international trade, intergovernmental law and global geo-economics on a two day fact-finding mission.
In this EXPLOSIVE episode of #3Blokes In The Pub, Jason and Graham travel to Geneva, Switzerland, a city filled with the world’s leading experts in international trade, intergovernmental law and global geo-economics on a two day fact-finding mission.
"Not one of those things he promised us has been delivered. So I have seen no evidence that that man is capable of negotiating his way out of the tea room in the House of Commons, let alone us into the biggest market in the world." - Peter Kyle
The Defence Secretary's comments in a speech reportedly led to the cancellation of a trade trip.
'Desperate' UK is 'delusional' to expect good trade deal with US, says ex-Obama advisor ahead of Raab tour 06/08/2019
"Desperate" Britain is "delusional" to expect a favourable trade deal with the US, an ex-Obama advisor has warned, as Dominic Raab seeks to "fire up" the UK's trade relationship with North America.
'I'm not opposed to tariff cuts, but this article ... Flatly misleading. Trade illiterate.' 07/02/2020
'I'm not opposed to tariff cuts, but this article which pretends tariffs are levied on the RETAIL price of a good and that consumers will see a 10% saving at the shops from a 10% tariff cut. / Flatly misleading. Trade illiterate.'
'this Commission summary of what businesses need to prepare for under Tories' "Great Brexit Deal" acts as a very effective lie detector' - Prof. Dougan 28/07/2020
Every time Johnson Government waffles on about NI's integral place in UK Internal Market and guarantee of unfettered trade with Great Britain, this Commission summary of what businesses need to prepare for under Tories' "Great Brexit Deal" acts as a very effective lie detector.
13 automotive #Brexit myths – busted (SMMT) 03/06/2019
The United Nations Economic Commission for Africa (ECA) is launching a campaign to have all countries of the ECCAS sub-regional bloc operationalize the ECCAS Preferential Tariff (known for short in French as TP/CEEAC) – one of the instruments for easing trade in the zone.
A World Trade Deal, It Ain't 12/12/2018
I loathe the term ‘World Trade Deal’ more than words can express. It is everything I hate about trade politics. It combines a pithy soundbite politicians with an agenda can deliver with confidence, with a layer of deception reliant on the complexity of trade to pass unchallenged on Sunday talk shows.
The African Continental Free Trade Area (AfCFTA) is one of the key priorities of Africa´s Agenda 2063 and a flagship project for the continent. Signed by 49 African countries and ratified by 14 countries so far, it needs 8 more ratifications to enter into force.
A crucial part of HM Revenue & Customs (HMRC)’s IT system that will monitor import and export goods after Brexit, will not be ready to operate independently of the system it is been designed to replace, MPs warned this week.
Disorderly exit from EU 'may temporarily prevent cross-border trade' tech giant tells small firm.
AmCham EU [American Chamber of Commerce to the European Union] publishes its cross-sectoral position on the EU-UK future relationship 28/04/2020
"While it is clear that ambitions have changed with respect to the past, AmCham EU calls on negotiators to seek an ambitious and comprehensive future partnership. We support a deal comprising zero tariffs, zero quotas, and zero barriers. Any deal should maintain regulatory alignment where possible ..."
The American Chamber of Commerce to the EU (AmCham-EU) published a cross-sectoral position paper on Tuesday turning the screw on the UK Government’s hard-line negotiating stance. Although it urges both sides to “work to mitigate disruption as much as possible”, the paper deals a devastating blow to Britain’s present strategy.
The threat of a hard British exit from the European Union looms large over a country that has a big stake in the process but no official say: Turkey.
The border has dominated Irish thoughts on Brexit. Amid the political tensions, several English voices have called for Ireland's dependence on UK trade to be used as leverage in negotiations. Are they right?
ASEAN lacks real economic integration 04/09/2019
While European businesses are increasingly more confident about investing in ASEAN, the ASEAN Economic Community (AEC) is creating uncertainty for some business prospects according to a recent survey by the EU-ASEAN Business Council.
Country’s claim that meat exports are suffering wins support from 14 countries.
Australia and the European Union (EU) launched negotiations for a free trade agreement (FTA) on 18 June 2018. As a bloc, the EU is Australia's second largest trading partner, third largest export destination, and second largest services export market. The EU was Australia's largest source of foreign investment in 2018.
EU CHIEF Brexit negotiator Michel Barnier is to meet Sinn Féin and DUP representatives today as the countdown begins to the UK leaving the European Union on Friday.
The government's own impact assessment of the Brexit deal confirms firms will have to pay fees, fill out forms and face border inspections when sending goods within the UK.
Trade secretary says scrapping protections ‘vital for giving us the freedom and flexibility’ to sign deals.
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.
Business groups have variously described a 22-minute call with the prime minister and the Cabinet Office Minister Michael Gove as "terrible", "disappointing" and "more of a lecture".
Brussels rules out 'mutual recognition' of regulations between EU and UK ahead of talks.
Survey shows 88% of 100 leading academics believe a Canada-style trade deal with the EU will have a "negative" impact on Britain's economy.
Now, the country risks becoming an also-ran, losing its easy access to the huge EU common market, unable to strike a groundbreaking deal with the United States and on the brink of a trade fight with China.
Boris Johnson's own official government figures shows his Brexit deal will make British people much poorer 18/10/2019
PM vowed to ‘take back control’ – but dithering has handed advantage to countries on other side of the table, Institute for Government says.
Brexifornia: Checking out but never leaving 08/06/2020
Brexit will never be over.
The United Kingdom left the European Union on 31 January 2020. Find out what it may mean for New Zealand's primary industries.
Brexit Beyond Tariffs: The role of non-tariff measures and the impact on developing countries 25/02/2020
Whether for inward investment, exports or tourism, Germany is a top five country for Ireland with potential for much more.
Changes coming to Amazon’s European fulfilment services when the Brexit transition period ends on 31 December will have a significant impact on many UK and EU sellers.
This week, the practical realities of what Brexit is going to mean came into central focus for perhaps the first time, with a new government information campaign.
Securing any EU trade deal and regional development in the UK are steep challenges.
Wilbur Ross, President-elect Donald Trump’s pick for Commerce secretary, has urged other countries to exploit the “God-given opportunity” to steal business from the U.K., according to a report in The Times.
Brexit latest: Leaving the customs union will inevitably mean expensive border queues for firms warn trade experts 22/02/2017
The UK Trade Policy Observatory said even a new customs deal would inevitably lead to considerable disruption relative to the current frictionless cross-border goods trade with the EU
Brexit leading to the end of global Britain 26/06/2018
Nowadays, Britain’s words and actions on the world stage are so at odds with its values that one must wonder what has happened to the country. Since the June 2016 Brexit referendum, British foreign policy seems to have all but collapsed — and even to have disowned its past and its governing ideas.
The British overseas territory Anguilla is against Brexit. Residents, who could not vote in the referendum, fear they will be hit hard by trade barriers to neighboring EU territories. Now, the Caribbean island is considering leaving the United Kingdom.
Brexit Republic - Ep. 15 08/11/2018
Tony's in Helsinki at the EPP's Spitzenkandidat coronation / No deal and what it means for Irish businesses (spoiler - lot's of paperwork) / BDO's Carol Lynch gives ground level view on what will happen at Irish ports and to Irish businesses if no deal is agreed, or later if a free trade agreement is reached.
The EU's long-held insistence on level playing field provisions continues. How does the UK see its commitments to the Irish Protocol and the Political Declaration and what impact will deviation have on its credibility in other trade talks?
Many EU member states are calling for a very hard line with the UK in talks on future relationship.
Brexit trade deal with New Zealand will have 'close to zero' benefit to UK economy, government admits 18/06/2020
Deal could lower welfare of the population and shrink GDP.
Brexit trade deals: the agreements in place already, from Chile to the Faroe Islands – and what the UK could trade with them 27/01/2020
UK and European negotiators are meeting later today for yet another round of Brexit trade talks.
LSE report says even sectors unscathed from coronavirus crisis will be severely impacted.
Because of rules of origin, even if the UK enters into a trade agreement with the EU, UK manufacturers embedded in pan-European supply chains are going to face new bureaucracy and costs, with long-run implications for their continued viability.
Proposed procedures for importing and exporting of goods are “convoluted, expensive and will seriously hamper trade with other countries”, says BMPA.
Sir Ivan Rogers says EU could 'pull the plug' on talks. / The desire of Tory leadership candidates to appeal to the party’s Brexiteer grassroots could “wreck” any chance of the UK securing a trade deal with the EU, the former British ambassador to Brussels has warned.
The U.K.’s hard-line Brexit backers are making their move. If they get their way on the U.K.’s new trade arrangements, they will face a test of gravity.
The United Kingdom will delay the introduction of border checks on imports from the European Union by as much as six months in a bid to avoid piling on the pain for British business and choking off vital food supplies.
The idea that Britain can leave the European Union and maintain frictionless trade with the bloc of 27 countries is officially dead.
Britain must follow ‘rules of the game’ if it wants access to our markets, EU president warns 09/03/2020
Ursula von der Leyen says UK must make up its mind.
Britain will spend 705 million pounds on border infrastructure to help keep trade flowing after its transition deal with the European Union expires at the end of the year, Cabinet Secretary Michael Gove said on Sunday.
British Steel is the canary in the coal mine - we need to prepare now for the Brexit threat to jobs 22/05/2019
The announcement that British Steel is to enter insolvency is the latest example of how uncertainty over Brexit is threatening livelihoods across the country. This does not just affect the 5,000 workers at Scunthorpe, but also a support staff of 20,000 across the whole supply chain. / Sadly, many other firms face the same danger ...
‘Prepare for the worst’ EU officials tell business after Sajid Javid’s FT interview.
How could a Peoples Vote happen and how should it be handled? Plus lunch with trade expert David Henig.
We look ahead to next week's European Council and the Peoples Vote March on 20 October.
CakeWatch - Episode 29: Blood in the Water 30/10/2018
What do Chris and Steve A do while Steve B is away? Get stuck in to some proper trade nerdery, that's what. We discuss how the UK can realise its global trade ambitions, whether EU trade deals can be rolled over, and what a unilateral zero tariff regime would do to the country's bank balance. Rock & roll!
Dmitry Grozoubinski is our guest this week to talk about what the hell a "WTO terms deal" is(n't), and we weigh up the risks and chances of a disorderly Brexit. Plus easily the sexiest Lie of the Week ever.
Coffee tariffs and orange tariffs and zero tariffs oh my! Chris in conversation with Twitter trade legend and man of mystery, Jim Cornelius, self-made walking encyclopedia of all things tariff-related, and scourge of so-called liberal leavers everywhere.
CANZUK: An EU for Canada? 13/03/2018
The press is fascinated by a gimmicky idea also involving Britain, Australia, and New Zealand.
It has been described as “the most ambitious” and progressive trade deal ever signed by the EU, but what does CETA do? The historic agreement was signed into law in September 2017 by the EU and Canada, after years of negotiation and a protest campaign.
Chancellor refuses to publish analysis of economic damage from Boris Johnson's deal before MPs vote 18/10/2019
Treasury committee head suggests it means ‘existing analysis stands’ – of a £130bn hit from loss of frictionless trade with EU.
The Welsh Government's approach to agreeing post-Brexit legislation with the UK government is "high-risk and flawed", a report has said.
If the UK keeps high standards it could ruin the chance of getting a trade deal with the US.
Covid Crisis Means Six Month Extension To Brexit Transition ‘Inevitable’, Lidington Warns 02/05/2020
Theresa May’s former deputy says public and business realise coronavirus should be the priority.
Brexit secretary David Davis has been mocked for claiming that Britain can secure a free trade area that's "10 times the size" of the European Union. / Liberal Democrat MEP Catherine Bearder pointed out that this would actually be 1.5 times bigger than the entire world economy.
Most of our trade (57% of exports and 66% of imports in 2016) is with countries we have EU trade agreements with, not under WTO rules.
When scrolling through comments you often see people say "they need us more than we need them". So we have tried to respond to that once and for all. We look at if the EU relies on the UK for trade, how the EU budget will cope without the UK and if the EU needs the UK as a security ally.
The Tory leadership race has brought a no-deal Brexit closer. Most candidates have either elevated No Deal to a heightened form of Brexit - a "clean" Brexit - or have insisted it is preferable to an extension beyond the current Article 50 deadline of 31 October.
The European Parliament has commissioned dozens of impact assessments or studies on Brexit from experts, across a broad range of policy areas, which are publicly available online. This webpage will be regularly updated to include further relevant publications.
For some weeks the British government has been planning a “shock and awe” campaign to warn British businesses that they have less than six months to prepare for Brexit; but the EU has beaten them to it.
EU parliament votes against opening US trade talks amid fears over 'bullying' Trump policies 14/03/2019
The European Parliament has voted against opening trade talks between the EU and the United States amid fears over Donald Trump‘s trade and environmental policies.
European Union Trade Commissioner Phil Hogan said the U.K. will have “full responsibility” for any damage to the British economy after the post-Brexit transition expires...
An A-Z of EU trade agreements from Albania to Zimbabwe.
The EU has in place, or is negotiating, trade agreements with countries and regions around the world.
The European Union (EU) is the world's largest single market and the EU Trade Helpdesk is your one-stop-shop to access it. The EU is committed to helping exporters like you in its trade partner countries with the information you need ...
The EU and Japan's Economic Partnership Agreement entered into force on 1 February 2019.
The European Union and Japan will launch the world’s largest free trade zone early next year after their economic partnership cleared a final hurdle on Wednesday. Some 70 percent of European Parliament lawmakers backed the agreement that binds two economies accounting for about a third of global gross domestic product and signals their rejection of protectionism.
On 15 October, the Council adopted decisions on the signature of two agreements between the EU and Singapore: a free trade agreement, an investment protection agreement.
New Zealand is negotiating a free trade agreement with the European Union, one of the world's largest trading entities. We're aiming for a modern, high-quality agreement.
Britain leaving the EU with no deal would be "extremely bad" for both parties, the former head of the World Trade Organisation (WTO) has said.
A few clips from this morning's @CommonsEUexit.
The outcome being pursued by the prime minister in the Brexit trade talks will not avoid costly friction at the border.
Eyeing post-Brexit trade deals, Britain looks to train school-leavers as future negotiators 15/07/2019
As Britain prepares to carry out its own trade negotiations for the first time in decades, the government has launched a scheme to recruit and train school-leavers as future commerce experts.
Boris Johnson, the front-runner to be Britain’s next prime minister, has raised the prospect of a shock for the world’s fifth-biggest economy by pledging to leave the European Union on Oct. 31 without a transition deal if necessary.
Union and consumer groups warn post-Brexit trade policy must hold food imports to same standards as UK.
Brexit as an ideological project has stripped the government of any sense of basic pragmatism.
Flexibility does not come for free 16/01/2020
An EU-UK free trade agreement will result in new barriers to trade and border friction even if the UK chooses to unilaterally align itself with EU rules and regulations.
In the political realm, no one knows how Brexit’s long-running theater of the absurd will end. But for much of the business world, Britain’s departure from the European Union has effectively happened.
Former Australian PM Malcolm Turnbull says a trade deal with the UK is “not a substitute for the EU” [2 mins] 21/01/2020
"The reality is that half of your trade goes to the EU. Britain’s trade with Australia is a very small percentage.”
Fruit importers have begun redirecting European trade routes away from Dover-Calais to minimise disruption from the end of the transition period.
German business warns UK's new PM [1min 30s] 24/07/2019
Boris Johnson moves into 10 Downing Street on a promise to deliver Brexit within months. However, German business leaders have urged him to avoid a disorderly Brexit. Trade between the two countries is already falling.
In London for LSE symposium, politicians express confusion at Britain’s post-Brexit stance
Britain would have no more than a few months to negotiate a new trade agreement with Brussels, a process that typically takes years.
Getting ready for changes - Communication on readiness at the end of the transition period between the European Union and the United Kingdom (European Commission) 09/07/2020
Even if the European Union and the United Kingdom conclude a highly ambitious partnership covering all areas agreed in the Political Declaration by the end of 2020, the United Kingdom’s withdrawal from the EU acquis, the internal market and the Customs Union, at the end of the transition period will inevitably create barriers to trade and cross-border exchanges that do not exist today.
Global Britain Doesn’t Need Free Trade 19/02/2020
Boris Johnson’s team isn’t going to let economic models get in the way of a political revolution.
Global security, stability relies on amicable Brexit negotiations, Australian High Commissioner warns 31/10/2017
FORGET visas, cheap Europe trips and free trade. There is one fear that dwarfs all others for Australia, and it’s looking more likely as Brexit turns sour. / GLOBAL security, trade and the stability of the international system could take a body blow if Britain crashes out of the European Union (EU) in a bitter “no deal” scenario.
GLOBAL TRADE REPORT: How to maximise the UK’s global ambition and potential through its creative industries [PDF] 01/01/2018
Major trade bodies say they have been stopped from telling member companies about plans for customs and trade. / "We are collectively of the opinion that members are not ready for a no-deal exit on March 29."
The government is facing an unprecedented backlash from five key industries over Boris Johnson's plans for post-Brexit trading arrangements.
Businesses will discover details of customs regime after Brexit on Monday.
Lorries will need permission from new HMRC computer system before heading for Dover.
"The model has been an empirical success in that it accurately predicts trade flows between countries for many goods and services, but for a long time some scholars believed that there was no theoretical justification for the gravity equation. However, a gravity relationship can arise in almost any trade model that includes trade costs that increase with distance."
This guidance informs people working in the UK electricity market and other stakeholders about changes to the cross-border trading and supply of electricity from 1 January 2021.
For 30 years the UK and Japan have been the best of trading partners – but no longer. What’s changed?
How the EU starves Africa into submission [with later errata pointing out it doesn't - WayBackMachine archive] 26/10/2015
This article, circulated widely on social media at the time of the referendum, claimed in error that EU tariffs starve African farmers. Since then it has been updated with an errata explaining its stated facts and conclusion are wrong. No tariffs are paid except on weapons. / NOTE: This article has now been removed from CAPX. We've linked to a copy from the WayBackMachine web archive.]
How will UK trade with EU post-Brexit? Pascal Lamy, Andrea Leadsom discuss - BBC Newsnight 06/06/2016
What kind of trade arrangements could the UK negotiate with the European Union after leaving? Newsnight's James O'Brien was joined by former Director-General of the World Trade Organisation Pascal Lamy, and Vote Leave's Andrea Leadsom to discuss.
Impact assessment of the Comprehensive Economic and Trade Agreement (CETA) between the European Union and Canada - Impact Assessment 17/05/2018
Impact assessment of the EU - Japan Economic Partnership Agreement (EPA) on the UK - Impact Assessment 24/05/2018
Impact assessment of the EU - Singapore Free Trade Agreement (EUSFTA) on the UK - Impact Assessment 10/05/2018
Internal Market Bill: UK’s five most senior bishops say Brexit legislation will fracture the country 19/10/2020
The legislation begins its passage through the House of Lords on Monday and is likely to be heavily amended.
The Irish Government believes the office would be a reflection of the EU's 'ongoing support' for the peace process.
Digby Jones made the claim on Twitter at the weekend when discussing the impact of a no deal Brexit.
Is Britain committing commercial suicide? 27/02/2020
A 19th Century trade agenda will decimate the most productive parts of the 21st Century economy.
Is it a vindication of the economic merits of Brexit and a symbol of the clout of ‘global Britain’? The short answer is no.
Is there a 10-year-rule to sort out trade? 20/05/2019
A number of obscure pieces of trade law have taken on near mythical status in the Brexit debate. One of them is Article 24 of the General Agreement on Tariffs and Trade (Gatt).
Either Boris Johnson is trying to bamboozle the public with jargon or he just doesn’t get the basics of how global trade works. Both are bad omens for the man who is likely to be our next prime minister and tasked with navigating a way through the Brexit mess.
The biggest crisis of Brexit to date actually still lies ahead of us in late 2020.
Johnson's 'no deal 2.0' virtue signalling 20/12/2019
"The first week of Johnson’s new administration has seen both speculation about, and the beginning of some answers to, how he intends to undertake Brexit. The outrageousness of that situation shouldn’t pass without comment."
Leaked copy of plan suggests UK will be told to match EU on workers’ rights, environmental protection and state aid
A review of evidence about opportunities, challenges and risks to the North East economy and its key sectors with recommendations for action.
Let's Watch: #Get2KnowWTO 24/01/2019
Standup4Brexit has teamed up with Esther McVey MP to launch a video series explaining the WTO to the British Public and make No-Deal Brexit sound less scary. I spent years as a negotiator for Australia at the WTO, so I was keen to see what nuggets of wisdom were coming out of the StandUp4Brexit oven. I should have perhaps gone to McDonalds instead.
Creation of body to protect UK firms from unfair global trade practices is behind schedule.
Mark Carney debunks the counterfactual claim made by leading Brexiters, including Boris Johnson, that Art. 24 of GATT allows for continued free trade with the EU after a no deal exit.
Market Access Map - Improving transparency in international trade and market access [trade database]
Identify customs tariffs, tariff rate quotas, trade remedies, regulatory requirements and preferential regimes applicable to your product.
MERCOSUR: Past, Present and Future of Integration in South America - Trade and Economic Relations with the European Union 01/05/2019
Mercosur has been the most significant initiative for a deeper and more constructive integration in South America. Despite the fact that it is mainly known as a common market, its contribution to social stability is absolutely notable.
Michael Gove admits Brexit will bring years of confusion at borders as trade checks imposed 10/02/2020
Realities of leaving single market and customs union revealed to businesses - after controversy ducked during election campaign.
De facto deputy PM says nearly all EU imports will be subject to checks from next year.
Ministers have been accused of peddling “dodgy statistics” after an embarrassing blunder saw the Government overstate how much Britain imports from countries outside the European Union by a staggering £300bn.
Ministers refuse to release secret studies believed to show little gain from trade deals with US and Asia 16/02/2020
‘If the government thought it had a very strong case they would publish these studies ... it’s an indication that there’s nothing there’
A group of MPs has questioned if the government can meet its promise of "unfettered" trade between Northern Ireland and the rest of the UK.
Negotiating the path to the future EU-UK relationship - American Chamber of Commerce to the European Union (AmCham EU) infographic
'American companies in Europe support a deep and comprehensive economic partnership between the EU and the UK'
Leaving the EU confronts my former colleagues with a greater challenge than Whitehall has faced for generations.
The Sun ... "we made our calculations on retail prices, when tariffs are actually applied when goods arrive in the UK. There were also mistakes in the calculations for individual items." / "The article also stated that we pay trade charges on more than 13,000 items from outside the EU. In fact, for many of these goods, no tariffs or charges are payable."
The 2016 referendum, which resulted in a narrow win for those campaigning to leave the European Union, has posed perhaps the most complex set of questions ever faced by a peacetime government.
No Deal Brexit Is Back With A Vengeance 09/06/2020
The political implications of a no deal outcome threaten to be every bit as significant as its economic fallout, Anand Menon and Jonathan Portes write.
No deal Brexit: issues, impact, implications 03/09/2019
The report shows that no deal will not “get Brexit done” rather, it will usher in a period of prolonged uncertainty for citizens, workers and businesses, which is unlikely to be resolved anytime soon, our new report, No deal Brexit: issues, impacts, implications, reveals.
The UK risks "crashing out" of 40 trade agreements spanning five continents in the event of a no-deal Brexit, a business organisation has warned.
'There is a very real risk that a disorderly Brexit will lead to an immediate reliance on overseas imports, produced to lower standards, while many UK farms struggle to survive,' NFU says
Pascal Lamy, who was director general of the WTO, between 2005 and 2013, said there was a stark choice for the UK between 'minor' and 'great' trade relations with the country’s largest trading partner.
Lords committee warns uncertainty over trading rules may add to economic damage of crisis.
NZ ready to get heavy with the UK [re CPTPP] 18/06/2020
New Zealand now stands between the United Kingdom and its hopes of entering the Comprehensive and Progressive Trans Pacific Partnership Trade Agreement (CPTPP).
“We want to use GATT Article 24” means “We want a free trade agreement in goods that complies with WTO rules”. It doesn’t say much.
Trade board and certification body call for improved contingency plan to avoid potential nine-month trade delays.
Kirsty Wark interviews Pascal Lamy, former EU trade commissioner and former director general of the World Trade Organisation.
Non-tariff measures (NTMs) could cause major fractures in post-exit trade relations between the United Kingdom (UK) and the European Union (EU), knocking up to US$32 billion, or 14 per cent, off of UK exports to the EU, according to a new UNCTAD study.
The prospect of the UK formulating its own trade policy following Brexit is likely to have implications for the existing Economic Partnership Agreements (EPAs) between the European Union (EU) and some African, Caribbean and Pacific (ACP) countries, and the UK’s future trading arrangements with the ACP.
The government has estimated a post-Brexit trade deal with the United States would boost the UK economy by 0.16% over the next 15 years.
Priti Patel unable to answer questions on post-Brexit checks between Northern Ireland and Britain 23/10/2019
The home secretary has been unable to clarify what checks will take place on goods moving between Northern Ireland and Great Britain after Brexit.
In this IPR Public Lecture, Professor of Industrial Strategy at the Aston Business School David Bailey considers what Brexit might mean for the UK automotive sector, and in turn for industrial policy in the UK.
Old "Project Fear" scare stories from the 2016 Remain campaign about masses of customs paperwork and increased costs for traders, as well as restrictions on immigration for vital sectors, are becoming reality.
Ratification of the EU-Ghana Stepping Stone Economic Partnership Agreement - Impact Assessment 04/07/2018
This article is going to try to accessibly explain regulations in the context of the EU-UK trade agreement, and trade more broadly.
Remainiacs Ep. 117: VOYAGE TO THE BOTTOM OF THE BARREL Our trade future with guest Dmitry Grozoubinski 23/05/2019
Negotiator and trade expert Dmitry Grozoubinski explains the reality of No Deal. / What’s in the WAB and has any May idea ever died quite so quickly? Final learnings from the EU Election campaign that everyone pretended never was. The pros and cons of milkshaking. Astroturfing for fun and profit.
UK refuses request from Brussels for Northern Ireland presence for second time.
Rules determining the country of origin of traded goods for the purpose of implementing the terms of a trade agreement re tariffs, quotas and remedies.
Putting politics aside, let us look at a more technical aspect of free trade negotiations – rules of origin (ROO).
Sajid Javid: The only thing leaving the EU guarantees is a lost decade for British business 14/05/2016
The government has offered to publish its most recent internal assessment of the impact on business and trade of a no-deal Brexit, in the face of a possible Commons defeat.
So is there a business case for CANZUK as a primary relationship for any of these four countries? Let’s look at where our potential partners currently sell goods and services.
There’s a whole other side of trade. A side of trade that typically doesn’t garner the headlines because its complicated, boring, and much more difficult for politicians to be photographed standing in front of. A side of trade you hear mentioned briefly as important, to much somber nodding of heads, before everyone invariably goes back to arguing about tariffs and containers.
As director of the Institute of Commonwealth Studies, I know what this institution does – and the notion that it can pick up the slack when the UK leaves the EU is nonsense.
This note provides some basic statistics on the UK's trade with the EU.
Steve Analyst threads a selection of videos recalling Leave campaigners' claims we future trade with the EU after Brexit.
Stormont farms department prepares for 'very challenging trading conditions' of no deal Brexit 10/08/2019
CIVIL servants are looking at "funding streams" to support Northern Ireland farmers in the event of a no deal Brexit disrupting cross-border trade in milk and other commodities.
Taiwan objects to Britain's proposed rules for managing its trade in services after it leaves the European Union and has requested negotiations at the World Trade Organization, according to a document seen by Reuters today.
Technical note on the implementation of the Protocol on Ireland / Northern Ireland - European Commission, Task Force for Relations with the Unite Kingdom 30/04/2020
This technical note was transmitted to theEuropean Parliament and Council on 30 April 2020. Published on the UKTF website on Thursday 30 April 2020
The Brexit Bill: Here’s the Damage So Far 30/01/2019
The divorce from the EU looks set to be delayed and could be softened or even abandoned, but the cost of separation is already apparent.
The events of the past few weeks have burst the Ripping Yarns bubble and cruelly exposed the shortcomings of political bluster and bravado.
Boris Johnson’s government is waging a war of words not against the EU but the British people.
85% of world is joining trading blocs... as we decide to leave
The reality of Britain's role in the global trading system after Brexit remains deeply uncertain 29/03/2019
Continuity agreements are in place with a small number of countries but replicating the arrangements that Britain currently benefits from will be the overriding priority throughout the transition period - if there is one - and beyond.
"We conclude that gravity models generate estimates of the impact of EU membership on exports which are variable but for all EU members are always positive and significant."
Should the aim be limiting damage or designing a bold future? / Japanese negotiators remain skeptical about the U.K.’s ability to handle multiple FTA negotiations simultaneously / What is evident, however, is that no country wants to conclude a definitive trade deal with the U.K. without knowing the final shape of the EU-U.K. partnership.
Martin Wolf: Britain’s demands for its negotiations with the EU are unrealistic.
Prime minister says current system is ‘generous enough’ in a move which could hamper Delhi trade talks
Peers set to shelve trade bill in anger over threats to food safety and animal welfare - but it is essential if the UK crashes out of EU.
These Countries Face the Biggest Trade Risks 29/03/2019
A wave of disruptions is rocking the world trading system. Britain’s divorce from the European Union has turned messy, while the U.S. trade war with China has investors on edge. The cost of such risks is substantial, according to an analysis by Bloomberg Economics of OECD data.
Australians want the UK to do well. But there’s no way free trade with us or others can make up for the hit of leaving the EU.
This is what Brexiteers get badly wrong when they talk about the World Trade Organisation 05/12/2018
It is only by claiming that trading 'on WTO terms' would be fine that Brexiters manage to be so relaxed about the UK leaving the EU without a deal, but the WTO does not ensure the removal of all barriers to trade.
How has the Leave vote affected the UK economy, ask Swati Dhingra and Thomas Sampson (LSE) in this second of two blogs based on the CEP Election Analysis briefing on Brexit.
To make Brexit happen, Boris needs to work with the Eurocrats he’s insulted. Fat chance they’ll help him now 08/08/2019
As our prime minister and the no-deal zealots of his cabinet revel in Brexit brinkmanship it is worth recalling the legal realities of what threatens to be our post Halloween world.
Tony Abbott: Former Australian PM given role as UK trade ambassador despite disquiet over views on climate change and gay marriage 04/09/2020
Tony Abbott was given a top role as UK trade ambassador despite widespread disquiet about his controversial views.
The UK worries about being “trapped” in a backstop – but can’t present an alternative. / Toxic language is defining the Brexit debate. It is turning an intensely complex and complicated subject into something being argued over emotionally, certainly in the UK.
The government will not be able to conclude a large number of trade agreements at speed and maintain its much-prized regulatory autonomy after Brexit. The report says prospective trading partners are likely to tell the UK to change its standards if it wants a trade deal.
Non-disclosure deals would bind those joining expert trade advisory groups for at least seven years, Sky News has learned.
I'm a former trade negotiator at the WTO and other places for Australia. Explaining trade accessibly is my only party trick.
This issue of Commonwealth Trade Hot Topics analyses ‘Brexit’ – the UK’s departure from the European Union (EU) – and shows that the effects for some Commonwealth countries may be severe unless specific actions are taken to avoid this.
Trade will be ‘day-to day struggle’ after Brexit is completed, MPs told in grim industry forecast 30/09/2020
Inquiry hears of massive extra costs, a mountain of red tape, shrinking investment and chemicals ‘disappearing’ from UK market.
Trade: First year of the EU-Japan Economic Partnership Agreement shows growth in EU exports - European Commission 31/01/2020
1 February 2020 marks the first anniversary of the entry into force of the EU-Japan Economic Partnership Agreement (EPA). In the first ten months following the implementation of the agreement, EU exports to Japan went up by 6.6% compared to the same period the year before.
Trump administration ‘tells Boris Johnson to drop tax on tech giants’ to secure trade deal 04/08/2019
The Trump administration has made it clear to Boris Johnson that any post-Brexit US-UK free trade deal would rely on Britain dropping plans to tax large American tech firms, according to reports.
UK may face seven-year wait for frictionless trade under WTO rules if it crashes out of EU.
Most forms of Brexit will worsen the country’s finances and reduce space for new initiatives to address child poverty, social care and left-behind communities that some argue drove the Brexit vote, a report has found.
CBI’s measure of private sector growth drops to -3 in February from zero in January.
Non-alignment with EU will mean ‘extra processes’ and not frictionless trade.
Liam Fox has agreed deals with only seven of 69 countries covered by EU arrangements.
America Letter: Congress members voice support for backstop and Belfast agreement. / This week the issue of Brexit made it across the Atlantic as members of US Congress voiced their concern about its impact on Northern Ireland.
UK must ‘immediately’ start building new customs posts for Northern Ireland trade checks, EU says 01/05/2020
UK has made little progress on new infrastructure needed for checks Boris Johnson signed up to.
Shortened trade talks will result in ‘flimsy’ deal, former British prime minister says
UK plan to trade with Commonwealth nations after Brexit is 'utter b**locks', former Australian PM says 12/03/2019
'For Britain’s economic self-interest, as well as the wider political interests of the western community of nations, Britain should remain in the EU', Kevin Rudd argues
UK showing ‘no real sign’ of approaching trade talks with plan to succeed, key EU official says 08/05/2020
Trade commissioner suggests Britain is planning to blame Covid-19 for Brexit 'fallout'.
UK signs £15bn trade deal with South Korea in bid to soften blow of losing £634bn in free trade with EU after Brexit 22/08/2019
The agreement is equivalent to roughly 2 per cent of business with the bloc.
New border checks in Kent and elsewhere reverse 47 years of removal of trade barriers.
A Brexit briefing for non-specialists
Andrew Percy attacks ‘cack-handed’ move to scrap import tariffs if UK crashes out in October – triggering Ottawa’s refusal to ‘roll over’ existing EU deal.
Tariffs will be cut to zero on 87% of imports to the UK as part of a temporary no-deal plan but prices of some imports including meat, shoes, underpants and cars will go up.
UK-Australia trade deal after Brexit 'is not a substitute for the EU', warns former Australian PM Malcolm Turnbull 22/01/2020
Malcolm Turnbull said a UK trade deal with Australia would not replace the benefits of being inside the world's largest trading bloc.
Industry leaders fear trading will be harder and more costly without comprehensive deal.
The United Kingdom (UK) risks losing up to 14 per cent of its exports to the European Union (EU) in a so-called “no-deal” Brexit, according to a new study by the UN Conference on Trade, Investment and Development (UNCTAD).
Donald Trump’s trade representative to demand greater access for agricultural goods.
Vietnam and EU sign free trade agreement 01/06/2019
The European Union (EU) and Vietnam on Sunday signed a long-awaited free trade deal that will slash duties on almost all goods, an agreement that pushes back against a rising tide of global protectionism and hailed as a "milestone" by Brussels.
Theresa May's Brexit deal has been defeated by MPs and the UK is creeping closer to leaving the EU without a deal. But how does a no-deal Brexit actually affect you?
Brexiteers have been advocating this route, believing it represents the purest Brexit and would be best for Britain. But what are the WTO terms and are Brexiteers right to promise a better future for the UK under these rules? How will WTO rules affect the UK in the event of a no-deal Brexit?
What does no-deal Brexit mean? Consequences of UK leaving the EU without deal after Boris Johnson’s warning 16/10/2020
Britain has been told to prepare for a no-deal Brexit when the transition period ends on 1 January 2021, after trade deal talks reached an impasse.
What is 'no-deal Brexit'? 13/06/2019
This means the UK would immediately leave the European Union (EU) with no agreement about the "divorce" process.
What it takes to have frictionless trade - and why we won't have it with the EU even with a trade deal - Holger Hestermeyer 24/09/2020
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)
What Leaving On WTO Terms Will Mean - Q&A 26/09/2018
The Q&A session taken from the Brexit, What leaving on WTO terms will mean, held in Trowbridge on the 26/9/2018 in front of an audience of 180.
What trade deals has the UK done so far? 22/07/2019
As a European Union member, the UK is automatically part of about 40 trade agreements which the EU has with more than 70 countries. If the UK leaves the EU without a deal it would lose these trade deals immediately - worth about 11% of total UK trade.
Even without the chaos of ‘no deal’, trading only on WTO terms post Brexit would mean substantial disruption to supply chains, with new tariffs, regulatory barriers and customs checks applying on day one of Brexit, explains Richard Barfield. Three sectors with the most jobs at risk are administration and support services, wholesale trade, and legal and accounting services.
What will leaving without a deal with the EU mean for British goods exporters? - ExplainTrade [5 mins]
As EU and US negotiations continue, how many deals have been made and what proportion of UK trade do they cover?
Industry body says tariffs put jobs at risk but shares in European drinks makers rise.
Explore the UK's trade relationships through interactive maps, charts and analysis.
The U.K. has warned that a no-deal Brexit risks London being frozen out of the global diamond trade.
How Britain resolves — or fails to resolve — Brexit and the terms of its divorce from Europe, is of more than passing interest to Australia.
Why One Brexit Trade Myth Refuses to Die 28/06/2019
For supporters of Boris Johnson, it’s doubly useful to pretend that international trade rules offer a free pass to a painless Brexit.
If you only trade within the UK and Europe, Rules of Origin will not have concerned you. Brexit could make these Rules become a serious concern to you.
As the June extension deadline looms, the prime minister’s priority will be to minimise damage to his personal brand and legacy.
But it won’t be straightforward to go it alone, and politicians should carefully, and candidly, set out the actual benefits of an independent trade policy.
The world moved a step closer to a free-for-all in international trade as Robert Azevedo, World Trade Organisation (WTO) director general, announces he plans to quit with over a year to go on his four-year contract.
‘Catastrophic’ risk to lawyers, architects and other professionals being ignored, peers warn 13/10/2020
Lucrative services sector cannot prepare for potentially huge new obstacles to trading in the EU – because it is ‘not sure what to prepare for’.
While large multinationals may be able to ride out the economic turmoil on the horizon, some smaller firms have more to worry about.
The aim of this briefing is to describe what happens under WTO rules if there is ‘no deal’.
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