World Trade Organisation Rules

CLAPTON

wotsthat wrote: »

..because the WTO route include a number of barriers to trade compared to the trade we enjoy now. Tariffs, additional documentation, agreement on import standards, licenses etc.

That's for physical products which I know something about because I import from third countries and also export to third countries. I know less about the trade in services but understand the WTO route would be particularly problematic as the focus is on physical goods. The U.K. is reliant on the export of services.

We're also reliant on imports - we're not even self sufficient in potatoes.

I don't think it'll come to that because a deal, almost any deal, would be better for the UK and the EU.

The danger here is an underestimation of how important our EU trade is and the idea we can just trade with other countries to fill the gap just like that if the EU get 'uppity' is frankly laughable.

I'm glad none of us lot are going to be involved in the negotiations.

trade with the EU has been falling for a while

if there is an the introduction of tariffs on our exports then one would expect a fall in our exports as the price might rise : however with a fall in the pound relative to the euro the overll may actually be a fall inprice for EU buyers and an increase in trade.

Kohoutek

Rinoa wrote: »

They said it could fall to 4900 - that's irrespective of currency.



https://www.theguardian.com/business/marketforceslive/2016/jun/22/ftse-100-could-lose-up-to-350bn-in-brexit-vote-says-ubs

That is from a research note UBS circulated to its clients. Absolutely nothing to do with the Remain campaign.

mrginge

mwpt wrote: »

The WW3 meme is another lie from the leave campaign. Do you ever get tired of knowing that you're lying? Does it not bother you that the campaign you supported was built on lies?

Is your position that the remain campaign was all true and the leave campaign all lies?

If that is the case then you must be thoroughly embarrassed that your campaign team couldn't effectively deliver the truth alongside debunking the opposing BS.
i mean, how is it possible that such an overwhelming argument for remain such as - all families will be £4,300 worse off can be ignored by the majority of voters?
How can people ignore the vast array of 'facts' that come from a stream of people and organisations that have been shown to be wrong before?
How can anyone doubt the integrity of a man who commits to reducing net migration to the tens of thousands, fails in that commitment and so decides to call it an 'ambition'

Is it because poor people are stupid, old people are selfish or just because we're simply all racists?

Rinoa

Kohoutek wrote: »

That is from a research note UBS circulated to its clients. Absolutely nothing to do with the Remain campaign.

The remain campaign quoted it along with similar predictions.

wotsthat

Rinoa wrote: »

The implication was that it would fall and stay there.

You know that and are just being pedantic.

Like the£:$?

The FTSE dropped and seemed to go up because of promises of stimulus measures. I'm still surprised at where it is now, I assume most are, but Brexit has introduced new uncertainties so it's probably going to be somewhat erratic.

It could easily be 4900 this time next week and no-one would be surprised.

mwpt

mrginge wrote: »

Is your position that the remain campaign was all true and the leave campaign all lies?

No, but I understand why you would wish to shift the attention from your own campaign which was fundamentally based on lies. But it must be weird knowing this at some level but continuing to try to defend it. I'd feel uncomfortable.

Kohoutek

Rinoa wrote: »

The remain campaign quoted it along with similar predictions.

Okay. Is this real enough for you?

More than £650m of commercial property deals in the City of London have collapsed following the UK’s vote to leave the EU, including the proposed acquisition of a landmark office block by Germany’s Union Investment.

The German fund manager had been in advanced discussions to buy Cannon Place, a 389,000 sq ft office scheme on Cannon Street in the City, for about £465m from Hines, the US property developer, according to three people familiar with the talks.

The investment group this week pulled the deal — which would have been one of the largest in the UK this year — after last Thursday’s referendum resulted in a vote to leave the EU, the people said.

Several other London office deals also fell through following the Brexit vote, including the £190m purchase of 1 Wood Street, the London headquarters of the law firm Eversheds, by KanAm, another German real estate investor, according to property agents.

Smaller deals were also called off, such as the £20m purchase of 1 Chancery Lane, a building home to barristers’ chambers, by a Spanish private investor

https://next.ft.com/content/123c044c-3f67-11e6-8716-a4a71e8140b0

wotsthat

CLAPTON wrote: »

trade with the EU has been falling for a while

if there is an the introduction of tariffs on our exports then one would expect a fall in our exports as the price might rise : however with a fall in the pound relative to the euro the overll may actually be a fall inprice for EU buyers and an increase in trade.

The effect of the exchange rate may change the balance of trade. I'm not disputing that.

The effect of a removal of a free trade agreement and replacing it with WTO rules which don't fully address service exports will reduce trade.

I'm sure we could think of circumstances where this might be really quite positive for the UK and hark the dawn of a new age of prosperity but they'd be pretty contrived.

Rinoa

Kohoutek wrote: »

Okay. Is this real enough for you?



https://next.ft.com/content/123c044c-3f67-11e6-8716-a4a71e8140b0

Property deals falling through are not a unique occurrence. It maybe the result of brexit, but they may not have bought anyway. It's convenient it on blame brexit though.

Remember all those big banks who were going to move to EU? Well apparently they aren't now.

http://www.theweek.co.uk/brexit/63710/brexit-people-are-still-buying-tvs-and-washing-machines

mrginge

mwpt wrote: »

No, but I understand why you would wish to shift the attention from your own campaign which was fundamentally based on lies. But it must be weird knowing this at some level but continuing to try to defend it. I'd feel uncomfortable.

I have no issue with the leave campaign being full of lies if that's what you want to call them.
Personally, I would say they were like pretty much most political arguments these days - built on subjectivity and then exaggerated out as far as they can be.

Anyone with half a brain knows that ALL political parties do this and I note you're not even acknowledging the more spurious claims from remain.

Unfortunatly it's a bit late for you to be crowing about the quality of argument in the campaign now.