Brexit, the economy and house prices part 5

System

wunferall wrote: »

No, you have.

I merely supplied both WTO figures and EU figures.
Of course, if you do on the off-chance have alternative data you would share.
Strangely you haven't.
When you can supply data proving otherwise you may have a point but for now it just looks like you don't like the figures.
Shame, that.

You didn't merely provide two figures. You compared them to 'prove' 90% of the world's trade is under WTO rules using an incorrect assumption that world trade minus EU trade = WTO rules trade.

I don't need alternative data anyway - you provided it. From your WTO link..

Regional trade agreements (RTAs): Some 423 notifications regarding RTAs (counting goods, services and accessions separately) – comprising 267 physical RTAs – have been received by the GATT/WTO and are currently in force, the biggest being the European Union, the North American Free Trade Agreement (NAFTA) and the Association of Southeast Asian Nations (ASEAN). Together, the three RTAs represent 55 per cent of world exports (US$ 8.8 trillion) and 58 per cent of world imports (US$ 9.6 trillion).

Most of the world's trade is being conducted by countries who happen to be in RTAS with their geographic neighbours.

wunferall

As expected, the EU has started the process to suspend Poland's EU voting rights known as Article 7.
It has given Poland 3 months to review it's stance but already Poland has more or less told the EU to bu@@er off, saying others like Hungary would support Poland.

Budapest said on Tuesday that the move by the Commission violated Poland’s sovereignty.

https://uk.reuters.com/article/uk-eu-poland-commission-decision/eu-tells-poland-to-reverse-judicial-reforms-or-face-sanctions-idUKKBN1EE1J8

No wonder Donald Tusk said he's concerned about unity within the EU.

wunferall

ilovehouses wrote: »

You didn't merely provide two figures. You compared them to 'prove' 90% of the world's trade is under WTO rules using an incorrect assumption that world trade minus EU trade = WTO rules trade. No. Nowhere have I subtracted them, only you make that assumption. AGAIN I merely provided the figures.

I don't need alternative data anyway - you provided it. From your WTO link..
This is funny.



Most of the world's trade is being conducted by countries who happen to be in RTAS with their geographic neighbours.

Ahem.
The bit you spent all this time hunting for says that three trade blocs of which the EU is just one have, and I quote, "Regional trade agreements" which when combined account for just over half global imports and exports.

The ASEAN–China Free Trade Area is the largest free trade area in terms of population and third largest in terms of nominal GDP

https://en.wikipedia.org/wiki/ASEAN%E2%80%93China_Free_Trade_Area

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

System

wunferall wrote: »

The bit you spent all this time hunting for says that three trade blocs of which the EU is just one have, and I quote, "Regional trade agreements" which when combined account for just over half global imports and exports.

So 90% of global trade being conducted on WTO terms isn't true is it?

Thrugelmir

gfplux wrote: »

Well that shock horror was not long in coming.
Britain better start hiring and training all those extra staff they will need at the borders.......unless it was just A myth that Britain had open borders

I thought that the UK was proposing 2 years. 21 months seems a fair compromise.

tracey3596

ilovehouses wrote: »

So 90% of global trade being conducted on WTO terms isn't true is it?

Nothing I've seen disproves that 90% statement TBH.
Global trade includes more than the imports & exports you quote so your alleged proof is actually not what you seem to think it is. Read the WTO definitions of what comprises global trade.

Any way, you can quibble over a few % if you want to but it's largely irrelevant.
What is relevant is that the EU share has been shrinking and is forecast to shrink even further.



ETA
Do not forget that trade the EU conducts with members that it does not have a trade deal with will also be under WTO rules. For example in trade with China, Russia, the USA etc. etc. etc.

Herzlos

wunferall wrote: »

Debunked?
Please show me where?
I suspect that the fact is that you don't like the figures.

Your own link shows the figure to be false. I was talking about the claim "lots of people trade under WTO terms and survive" or "other countries trade with the eu on WTO terms" comes up every few pages and gets shot down as utterly irrelevant. Since you're only interested in point scoring and not the issues I'm not going to waste my time. Cogito brings it up at least every 10 pages.

gfplux

Thrugelmir wrote: »

I thought that the UK was proposing 2 years. 21 months seems a fair compromise.

We shouldn’t joke about such a serious subject but please forgive me.

Britain “I want 24 months”
EU “I offer 21 months”
Britain “I want 24 Months”
EU “I offer 21 months”
Britain “OK let’s compromise on 21 months”

tracey3596

Herzlos wrote: »

Your own link shows the figure to be false. I was talking about the claim "lots of people trade under WTO terms and survive" or "other countries trade with the eu on WTO terms" comes up every few pages and gets shot down as utterly irrelevant. Since you're only interested in point scoring and not the issues I'm not going to waste my time. Cogito brings it up at least every 10 pages.

No wonder Cogito needs to keep bringing it up. I might join them because I have seen no link that proves the statement to be false, your interpretation however . . . . shows just who is "only interested in point scoring and not the issues".

You completely ignore my post above or maybe seem unable to comprehend that just because a country or bloc has a trade deal with another country or bloc does not mean that all the trade they do falls outside WTO rules.

It's all about misdirection from such remainers sadly.
Another example is regarding the supposed panicked fleeing of fruit & veg pickers from the UK as a result of Brexit.
If that's true how come our staples are all so cheap in most of the supermarkets this year - Aldi for example selling carrots, sprouts, broccoli etc at 19p! :eek:
Nobody's supposedly picking them but they're cheaper than ever and in plentiful supply.
How does that work then?



https://forums.moneysavingexpert.com/discussion/5757828

gfplux

For information Barnier press conference today. From the horses mouth, no secondary spin and no media sound bites.
17 minutes well worth your time.
For English simultaneous translation tap/click English just below screen in screen.

http://ec.europa.eu/avservices/video/player.cfm?ref=I148959&sitelang=en&lg=EN

In fact this is the English version.