ChatterBank1 min ago
Why Do Labour Mps Want A Customs Union?
Answers
“NJ, the statement made that the markets of third countries would not be open to our exports as we would be outside the EU is completely wrong.” It depends what you mean by “open” Zacs. All external markets are open to everyone. The UK has no trade agreement with the USA but its market is open to us and we are the USA’s largest trading partner in the EU....
13:07 Sat 06th Apr 2019
That’s a bit basic. Do you realise the EU makes trade deals with other countries on our behalf? Have a google about the Transatlantic Trade and Investment Partnership. Do you think we’ll be able to set up new and advantageous deals so easily without the weight of the EU as an economic entity behind us?
“NJ, the statement made that the markets of third countries would not be open to our exports as we would be outside the EU is completely wrong.”
It depends what you mean by “open” Zacs. All external markets are open to everyone. The UK has no trade agreement with the USA but its market is open to us and we are the USA’s largest trading partner in the EU. What The Good Professor suggests is that although, as Customs Union members, we will import goods on the same terms as the EU, as non-EU members we will not have the access with (presumably) preferential tariff treatment that EU members enjoy.
“Being in a customs union to secure free trade with the our biggest trading partner (approx 50%) makes complete sense to me.”
The 50% is declining (somewhat rapidly in some sectors) and it’s not free. It costs us >£10bn a year.
“Explain to me how it makes sense, danny.”
Because we will save 10.9% on the cost of every banana we buy. :-)
The Customs Union is a protectionist racket. It allows EU countries to effectively circumvent WTO rules by imposing discriminatory tariffs and the effect of this is to protect inefficient European industries from more competitive non-EU alternatives. It is promoted on the basis that it allows "free trade" as you suggest but the price of that free trade is no freedom to trade on equivalent terms elsewhere.
It depends what you mean by “open” Zacs. All external markets are open to everyone. The UK has no trade agreement with the USA but its market is open to us and we are the USA’s largest trading partner in the EU. What The Good Professor suggests is that although, as Customs Union members, we will import goods on the same terms as the EU, as non-EU members we will not have the access with (presumably) preferential tariff treatment that EU members enjoy.
“Being in a customs union to secure free trade with the our biggest trading partner (approx 50%) makes complete sense to me.”
The 50% is declining (somewhat rapidly in some sectors) and it’s not free. It costs us >£10bn a year.
“Explain to me how it makes sense, danny.”
Because we will save 10.9% on the cost of every banana we buy. :-)
The Customs Union is a protectionist racket. It allows EU countries to effectively circumvent WTO rules by imposing discriminatory tariffs and the effect of this is to protect inefficient European industries from more competitive non-EU alternatives. It is promoted on the basis that it allows "free trade" as you suggest but the price of that free trade is no freedom to trade on equivalent terms elsewhere.
"The customs union which you call a ‘protectionist racket’ is the one which has negotiated (via the TTIP) preferential tariffs which has enabled us to be, by your own admission, their top trading partner."
I thought I'd keep quiet about the TTIP, Zacs. But since you're now using it as a catalyst for the UK's success, perhaps you can explain how it has contributed to it. I think you should read this:
http://
Importantly:
"Negotiations with the United States on the Transatlantic Trade and Investment Partnership (TTIP) were stopped until further notice at the end of 2016."
The TTIP is "un canard mort" and is unlikely to be revived with the assistance of a good vet - even an EU one.
I thought I'd keep quiet about the TTIP, Zacs. But since you're now using it as a catalyst for the UK's success, perhaps you can explain how it has contributed to it. I think you should read this:
http://
Importantly:
"Negotiations with the United States on the Transatlantic Trade and Investment Partnership (TTIP) were stopped until further notice at the end of 2016."
The TTIP is "un canard mort" and is unlikely to be revived with the assistance of a good vet - even an EU one.
//It’s shuffled off it’s mortal coil because of the Brexit farce! //
really? so nothing whatsoever to do with the intransigence on both sides (Eu-wise, mainly France and Greece) with respect to the protected status of their farming businesses? and nothing whatsoever to do with President Trump's "America First" policy which may even precipitate a tariff war?
really?
really? so nothing whatsoever to do with the intransigence on both sides (Eu-wise, mainly France and Greece) with respect to the protected status of their farming businesses? and nothing whatsoever to do with President Trump's "America First" policy which may even precipitate a tariff war?
really?
Surely the only real reason they'd want a customs union is that they wish to claim we've left the EU whilst knowing we'd effectively remained in it. Beyond that, review the years of remainer/leavers disagreements/priorities. One side wants the freedom to rule their own nation, the other would sacrifice that to avoid economic disruption and to have presently popular opinions in Europe imposed here via EU rules.
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