EU to dictate terms of a no deal

[Yorkie62]

Of course you can, but all exports to the EU the UK's largest trade partner by far, will come to an immediate hold as every product has to be approved for the EU market before it's allowed on.

And let's hope that the WTO will grant membership else you can't even trade on those terms

Oh and in a no deal scenario there will be an Irish border

The UK is a member, in it own right, of the WTO and has been since 1995. Additionally it is also a member by virtue of being in the EU. But as a member of the WTO its membership will not cease when the UK leaves the EU.

[BlasterBates]

EU refuses to negotiate the backstop

You can tell that the EU are wavering here, the key is in the nuances which you can discern in the flat refusal to negotiate.

[BlasterBates]

If I could basically just summarise the EU's stance.

"Eat sh*t or die"

[GreenMirror]

EU refuses to negotiate the backstop

You can tell that the EU are wavering here, the key is in the nuances which you can discern in the flat refusal to negotiate.

That was known 2 years ago. Why May bothered to negotiate is beyond me. Prepare for no deal now.

[DimPrawn]

That was known 2 years ago. Why May bothered to negotiate is beyond me. Prepare for no deal now.

Good. £39bn we can spend on the UK rather than the EU. 40% tariffs on German cars. Loverly Jubbly!

[original PM]

Good. £39bn we can spend on the UK rather than the EU. 40% tariffs on German cars. Loverly Jubbly!

Indeed now we can make a fortune out of all the remainder fookwits who will still want to buy 'German' and by 'German' we mean 'made somewhere in the EU that probably wasn't Germany and you know that fabled german engineering you think you are getting - will you are not'

And we get the snowflake remainers to pay more tax

win win win!

yay

[BlasterBates]

So where does the UK get its car parts from to build their cars, isolated on their island ?

Car parts manufacturers announce plans to close factories in the UK

[original PM]

So where does the UK get its car parts from to build their cars, isolated on their island ?

Car parts manufacturers announce plans to close factories in the UK

Schaeffler, the German car parts supplier, said uncertainty surrounding Brexit had contributed to its decision to close two UK factories, in Llanelli, Wales, and Plymouth, where 570 people are employed. The company said the closures would take place over the next two years.

French tyremaker Michelin announced plans to close its factory in Dundee in 2020, nearly 50 years after it opened and where 845 people are employed. It blamed dwindling demand for smaller tyres. It said the decision was unrelated to the Brexit vote.

At Schaeffler’s plant in Plymouth, a workforce of 350 people makes bearings and machine parts for the firm’s industrial division as well as the aerospace and defence industries.

At Llanelli, about 220 people are employed to make mechanical parts and bearings for the major car manufacturers and other industrial suppliers. The company said it would relocate production from the two UK factories to existing plants in the US, China, South Korea and Germany.

1 out of 2 ain't bad.

Also is it cheaper to import to Europe from the US, China and South Korea?

[Old Greg]

Tut tut that's racist

only a gammon can call another gammon gammon.

It isn't racist, but I respect your SJW freedom of speech to label me in any misguided way you choose.

[darmstadt]

The UK is a member, in it own right, of the WTO and has been since 1995. Additionally it is also a member by virtue of being in the EU. But as a member of the WTO its membership will not cease when the UK leaves the EU.

Yes and no. Although Britain was, is and will remain a member of the WTO. The second thing to keep in mind is that the process of Britain’s independent integration into a series of WTO commitments will depend to a certain extent on the terms of its exit from the European Union.

All Members of the WTO must have a schedule of commitments related to the terms of market access for their trading partners. In the case of Britain, the country does not have an independent schedule but as part of the European Union, it has abided by the terms of the common EU schedule. After Brexit the British will need to have an independent schedule.
What they have formally proposed is to mirror the existing EU schedule with respect to market access for goods and services. What may be more difficult is determining how Britain and the EU share existing tariff rate quotas (TRQs) for imports of agricultural products. Britain and the EU have proposed a system of sharing these quotas which have to date not been acceptable to several key WTO members so negotiations will be required here.
There will also be negotiations required for Britain to join the Government Procurement Agreement (GPA). Again the British are proposing the same terms as they shared as an EU Member state. It’s difficult to say how the negotiations on TRQs and GPA may progress.

How those negotiations are going: Subscribe to read | Financial Times