The ultimate aim should be to achieve as many free trade deals as possible, including with the EU. Many Brexiteers advocate a Canada style trade agreement with the EU. But WTO rules provide a workable fall back position where this is currently not possible. Outside the Customs Union, the UK has the opportunity to sign trade deals with other countries that are more tailor-made to its economy. Economies outside the EU are growing far more quickly than inside and this needs to be exploited. The UK can also reduce tariffs on imports from around the world and make food for example cheaper. What many people fail to understand is that the EU is a protectionist organisation and its common agricultural policy penalises agricultural producers from third world countires.Originally Posted by noel
The Government's negotiations have been a spectacular failure. There have been many reasons for this. One of the most important was its failure to recognise that it was dealing with an entity that means this country harm. As I mentioned the other week, French newspaper Le Point quoted Michael Barnier as having said in 2016 “I’ll have done my job if, in the end, the deal is so tough on the British that they’d prefer to stay in the EU”. Yanis Varoufakis also warned us what would happen.
The Government has offered up concession after concession and got itself trapped with the ridiculous backstop while getting nothing in return. It should have been much more hard headed, offered a free trade deal Canada style but prepared for the possibility of no-deal from day one.
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