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Imports from the EU are (or certainly were until recently) roughly double the value of exports to the EU. So of £600b total trade, roughly two-thirds would be imports, one-third exports.
Imports from the EU are (or certainly were until recently) roughly double the value of exports to the EU. So of £600b total trade, roughly two-thirds would be imports, one-third exports.
And do you reckon that disrupting this trade significantly will adversely impact the UK more, or the EU more?
Imports from the EU are (or certainly were until recently) roughly double the value of exports to the EU. So of £600b total trade, roughly two-thirds would be imports, one-third exports.
Give it up Mordy. Their attention has wandered again. They will be drooling into their phones by now as your figures went so far over their heads they left a vapour trail.
Where do you get 2/3rds from? Imports from the EU are 52% of our total. 43% of our exports go to the EU.
26 countries left in the EU, that's 2% each evenly split if we stop importing, we lose access to 52% of what we currently import. We also lose our biggest export market. Each EU country loses ~1.75% of their import market.
How do they need looking after?
Imports from the EU are (or certainly were until recently) roughly double the value of exports to the EU. So of £600b total trade, roughly two-thirds would be imports, one-third exports.
Two thirds of that is us buying from them. Remind me again, who is the EU looking after?
Where do you get 2/3rds from? Imports from the EU are 52% of our total. 43% of our exports go to the EU.
26 countries left in the EU, that's 2% each evenly split if we stop importing, we lose access to 52% of what we currently import. We also lose our biggest export market. Each EU country loses ~1.75% of their import market.
These are primarily deals replicating what the UK has via the EU. They all have to be renegotiated in the not too distant future. You might also want to check the state aid rules with the Japan deal, a lot stricter than what the EU are looking for
The EU, taken as a whole is the UK’s largest trading partner. In 2019, UK exports to the EU were £294 billion (43% of all UK exports). UK imports from the EU were £374 billion (52% of all UK imports).
Total value of the deals we have to date from that link. £178.2bn, £23.8bn of which are agreed in principle but yet to be actually formalised.
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