Brexit

RJP33

Generali wrote: »

India, potentially a prime export market for the UK, is highly protectionist.

Indeed, I worked there for a while and we needed a 51% locally owned subsidiary to operate through. But there’s more to the rest of the world than India. China, Brazil, Canada, Australia the US etc are all opportunities for a UK free to sign its own trade deals again.

Generali wrote: »

Well of course on leaving the EU the UK would have precisely 0 trade agreements in place so exporting to anywhere might be problematic.

And? We have a limited number of trade agreements with anywhere outside the EU at present and still manage to export there.
[FONT=&quot]

antrobus wrote: »

Unless otherwise agreed, then an EU exit would mean that UK manufactured cars would be subject to 10% duty.

Source?

[/FONT]

Generali

RJP33 wrote: »

And? We have a limited number of trade agreements with anywhere outside the EU at present and still manage to export there.

AIUI, the UK has 0 trade agreements outside of the EU or agreements made via the UK's membership of the EU. Can you name a trade agreement the UK alone has with another country?

cells

Generali wrote: »

AIUI, the UK has 0 trade agreements outside of the EU or agreements made via the UK's membership of the EU. Can you name a trade agreement the UK alone has with another country?

why would other countries not want free trade agreements with a rich net importer?

Generali

cells wrote: »

why would other countries not want free trade agreements with a rich net importer?

Part of my argument is that leaving the EU would make the UK much less rich so perhaps not so attractive on that basis.

Empirical evidence shows that new agreements regarding trade take a decade or more to be signed off. As the UK would be starting with no agreements upon a Brexit I'd imagine there'd be about 20 years to get trade going again properly after a Brexit.

Generali

cells wrote: »

why would other countries not want free trade agreements with a rich net importer?

Dunno. I'd start with Google.

RJP33

Generali wrote: »

AIUI, the UK has 0 trade agreements outside of the EU or agreements made via the UK's membership of the EU. Can you name a trade agreement the UK alone has with another country?

I meant via the EU, since our other ones were wound down in 1973 and prices increased.

Generali wrote: »

Part of my argument is that leaving the EU would make the UK much less rich so perhaps not so attractive on that basis.

Given we spend at least 11bn net per year and growing, as per 2013, the onus is on someone pro-EU to prove that's money well spent.

CLAPTON

Generali wrote: »

Part of my argument is that leaving the EU would make the UK much less rich so perhaps not so attractive on that basis.

Empirical evidence shows that new agreements regarding trade take a decade or more to be signed off. As the UK would be starting with no agreements upon a Brexit I'd imagine there'd be about 20 years to get trade going again properly after a Brexit.

you mean we would become as poor as countries like Aus and New Zealand and so nobody would want to trade with us?

RJP33

CLAPTON wrote: »

you mean we would become as poor as countries like Aus and New Zealand and so nobody would want to trade with us?

You'd think that nobody ever traded or moved anywhere without the help of the EU the way some people go on.

Generali

RJP33 wrote: »

We have a limited number of trade agreements with anywhere outside the EU at present and still manage to export there[FONT=&quot].[/FONT]

No, the UK negotiates all trade agreements through the EU

https://www.gov.uk/government/publications/2010-to-2015-government-policy-free-trade/2010-to-2015-government-policy-free-trade

The UK has a shared import/export policy with other European Union (EU) countries. This means EU countries work together to negotiate trade agreements with non-EU countries.

If the UK leaves the EU then she will start off with no agreements in place with any country in the world to export to them (she can set whatever import policies she likes of course).

This is not a trivial problem, in fact it's probably an insurmountable one.

Generali

CLAPTON wrote: »

you mean we would become as poor as countries like Aus and New Zealand and so nobody would want to trade with us?

GDP per capita is skewed somewhat in Aus by the vast amount of dirt we dig out of the ground and sell to the rest of you.

As for NZ? They have a GDP per capita of just shy of $29k pa. The UK's is north of $38k.

http://www.tradingeconomics.com/new-zealand/gdp-per-capita
http://www.tradingeconomics.com/united-kingdom/gdp-per-capita

2013 figures.

Unless you're going to suddenly find that you have a part of the UK that is twice the size of the current UK and has 24,000,000,000 tonnes (or 23.6bn tons) of recoverable iron ore in it plus huge amounts of gas, oil and other stuff then making comparisons between the UK and Aussie economies is probably a bit specious.

https://en.wikipedia.org/wiki/Pilbara