If we vote for Brexit what happens

setmefree2

Australia should aim for a trade deal with the UK post Brexit

Brexit may be bad for sharemarkets in the short term, but it could present an opportunity for more liberal trade in the long run. The Australian government is negotiating a Free Trade Agreement (FTA) with the European Union (EU) but it may be better to put that on a very slow track because there are advantages in completing an FTA with the UK first.

Theconversation.com/australia-should-aim-for-a-trade-deal-with-the-uk-post-brexit-61591

setmefree2

British trade can flourish without the shackles of Brussels

The immediate reaction of financial markets to Britain’s decision to leave the EU has been telling. Sterling has fallen sharply but gilt yields have rallied and the FTSE 100 has been one of the better performing equity markets in the world. Instead, the locus of pain is peripheral Europe. Bond yields in Greece, Italy, Spain and Portugal have risen, reviving fears of the “doom loop” whereby undercapitalised banks prop up over-indebted governments by buying their bonds in a circle of insolvency.

The euro doom loop is symbolic of everything that is wrong with the EU. Success in the 21st century economy will not be about centralised command-and-control bureaucracies. It will be about freedom to innovate, flexibility, experimentation and networks. The EU’s bureaucracy has stifled innovation in biotechnology, financial services and technology. The centralisation of all lawmaking for the single market in Brussels has turned it into a lobbyists’ meat market, defending the interests of big business against disruptive innovators. Freed from the bureaucracy, Britain can become Europe’s centre for innovation, knowledge-based industries and entrepreneurship.

The same ethos hampers trade policy. The EU is not a free trade area. It is a customs union with an average tariff wall of 3-4 per cent, a tariff on cars of 10 per cent and an average tariff on agricultural products of 18 per cent. This is not only (in the case of agriculture) morally indefensible. It is also bad economics.

The reason trade agreements with the EU take so long is that they have to be agreed and ratified by 28 (now 27) separate member states. The EU-Canada trade deal, which is still not in force, was held up for years by a dispute with Greece about the naming rights for feta cheese. The EU has only 32 trade agreements in force, mostly with very small countries. It still has no trade agreement in place with Japan, the US, India, China or Australia.

Freed from its EU constraints, Britain can get on and sign bilateral trade agreements with China, India, the US and all the members of the Commonwealth that are naturally aligned with us through bonds of language, culture and common institutions, and who are almost all growing much faster than the EU. India is the standout opportunity, a country with strong historic bonds with Britain, with a rapidly growing economy and a population set to hit 1.7bn by 2040. News bulletins in the next two or three years will be punctuated by the exciting agreements that Britain forges as it becomes a beacon of free trade.

While people in this country had many reasons to vote to exit the EU, the leaders of the official Vote Leave campaign were united in their commitment to freedom, democracy, open markets and an enterprise economy. This was not about Little England but an end to Little Europe. The opportunities of the global market place are far too large and exciting to be approached through a regional trading bloc run by a command-and-control bureaucracy.

http://www.ft.com/cms/s/0/0aa518d6-3b98-11e6-8716-a4a71e8140b0.html#axzz4CqvLGmZv

Let's move forward. I personally can't stand the idea of a second referendum fwiw.

setmefree2

Britain Offered First Trade Deal Outside EU By Iceland!

http://www.thelondoneconomic.com/news/britain-offered-first-trade-deal-outside-eu-by-iceland/27/06/

setmefree2

India accentuates the positive on Brexit

As the UK’s Brexit vote sparks widespread global dismay, some lawmakers and businesspeople in India are seeing the upside of their former colonial power’s decision.
Indian policymakers believe New Delhi could quickly negotiate a new trade agreement with a Britain disentangled from the EU, which has failed to conclude talks on a trade deal with India.

Same article more good news for FDI

Mr Goenka said he would seek to take advantage of the relatively weak pound to acquire UK textile brands and distribution companies. “This is the time to invest in the UK,” he said.

http://www.ft.com/cms/s/0/d35362a0-3c57-11e6-8716-a4a71e8140b0.html#axzz4CqvLGmZv

setmefree2

Mexico already has the draft of a trade agreement with the UK, which it drew up as part of a trio of measures designed to soften the blow of a Brexit, said Luis Videgaray, the finance minister.

http://www.ft.com/fastft/2016/06/24/mexico-has-already-drafted-uk-trade-pact/

setmefree2

Brexit Effect: Australia, New Zealand to team up over fresh trade deals with EU, UK

Canberra: Prime Minister Malcolm Turnbull on Monday announced Australia will team up with New Zealand in a bid to negotiate new trade and immigration deals in the wake of Britain's exit from the European Union (EU)

http://www.firstpost.com/world/brexit-effect-australia-new-zealand-to-team-up-over-fresh-trade-deals-with-eu-uk-2857840.html

setmefree2

Kenya to Seek Fresh Deals With Britain

President Uhuru Kenyatta says Kenya will negotiate new agreements with the United Kingdom once it formalises its withdrawal from the European Union.
State House Spokesman Manoah Esipisu said on Sunday the bilateral agreement will enable Kenya to continue benefiting from the UK and the EU.

http://allafrica.com/stories/201606270349.html

posh*spice

I do not believe that Brexit will happen

http://www.ft.com/cms/s/0/8f2aca88-3c51-11e6-9f2c-36b487ebd80a.html#axzz4CqvLGmZv

Generali

setmefree2 wrote: »

http://www.thelondoneconomic.com/news/britain-offered-first-trade-deal-outside-eu-by-iceland/27/06/

Is it just me but given the events of last night does this strike anyone else of being rather like pity sex?

antrobus

Generali wrote: »

Is it just me but given the events of last night does this strike anyone else of being rather like pity sex?

Iceland has lots of fish and energy. I wouldn't turn them down. At least we'll be able to keep warm and have something to eat.